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, Israel voice caveats on deal ahead of expected signing ceremony
Senior U.S. officials say President Trump and Iran's top negotiator have already remotely signed a memo of understanding ahead of the expected signing ceremony.
8 dead in Air Force B-52 bomber crash at California base
The aircraft was on a routine test mission at Edwards airfield, located in the western Mojave Desert, about 100 miles northeast of Los Angeles.
3,600 stock trades in 3 months: Breaking down Trump's flurry of investments
President Trump's investment accounts traded between $212 million and $695 million in stocks and other securities in the first three months of the year — an unprecedented sum for a sitting president.
Iran World Cup team coach says it was booted from U.S. right after first match
Iran's World Cup team coach says it was ordered to leave the U.S. and return to its training base in Mexico only a few hours after opening its politically charged tournament with a draw.
Newsom says Justice Department is investigating him and his wife
California Gov. Gavin Newsom, a Democrat, said the Justice Department is investigating he and his wife, Jennifer.
Teen accused of killing stepsister on cruise to be jailed pending trial
The teen was initially released pending trial after being charged as a juvenile, but after he was charged as an adult, a judge ruled he was no longer subject to rules regarding juvenile detention.
Second Dan Sullivan ineligible for ballot in Alaska Senate race, official rules
An election official ruled a candidate with the same name as Sen. Dan Sullivan was involved in a "determined effort and a deliberate attempt" to confuse Alaska voters.
Vance denies that Iran will receive "billions of dollars of assets" in deal
Vice President JD Vance denied that Iran will receive "billions of dollars of assets" as part of a the U.S.-Iran deal that was announced Sunday and is set to be signed later this week.
Cellphone fire on flight "scorched" cabin before landing in Las Vegas
The Federal Aviation Administration said British Airways Flight 271 landed safely at Harry Reid International Airport in Las Vegas after the crew reported a cellphone fire on board.
U.S.
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American doctor who recovered from Ebola back in U.S., says he's "feeling well"
Dr. Peter Stafford, his wife, Rebekah Stafford, and their four children all arrived safely on Monday, according to Serge, a Pennsylvania-based Christian missions organization.
Teen accused of killing stepsister on cruise to be jailed pending trial
The teen was initially released pending trial after being charged as a juvenile, but after he was charged as an adult, a judge ruled he was no longer subject to rules regarding juvenile detention.
Cellphone fire on flight "scorched" cabin before landing in Las Vegas
The Federal Aviation Administration said British Airways Flight 271 landed safely at Harry Reid International Airport in Las Vegas after the crew reported a cellphone fire on board.
Second Dan Sullivan ineligible for ballot in Alaska Senate race, official rules
An election official ruled a candidate with the same name as Sen. Dan Sullivan was involved in a "determined effort and a deliberate attempt" to confuse Alaska voters.
8 dead in B-52 bomber crash at Edwards Air Force Base in California, officials say
The aircraft was on a routine test mission at Edwards airfield, located in the western Mojave Desert, about 100 miles northeast of Los Angeles.
MoneyWatch
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Electricity costs expected to hit record this summer, new analysis finds
A new analysis projects how much Americans will pay for electricity from June to September, depending on their state of residence.
Hundreds of U.S. cities now have starter homes that cost $1 million
The number of metropolitan areas around the country with basic homes worth at least $1 million has tripled since 2020.
Oil prices sink, stocks soar after Trump announces deal with Iran
Markets rally on expectations that the agreement will ease global energy supply concerns, though analysts warn gas prices may remain elevated for some time.
Fox to acquire Roku in $22 billion deal
Fox said it will buy Roku for $160 per share in a cash-and-stock deal that it expects to complete in the first half of 2027.
3,600 stock trades in 3 months: Breaking down Trump's flurry of investments
President Trump's investment accounts traded between $212 million and $695 million in stocks and other securities in the first three months of the year — an unprecedented sum for a sitting president.
Politics
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Iran World Cup team coach says it was booted from U.S. right after first match
Iran's World Cup team coach says it was ordered to leave the U.S. and return to its training base in Mexico only a few hours after opening its politically charged tournament with a draw.
Second Dan Sullivan ineligible for ballot in Alaska Senate race, official rules
An election official ruled a candidate with the same name as Sen. Dan Sullivan was involved in a "determined effort and a deliberate attempt" to confuse Alaska voters.
Newsom says Justice Department is investigating him and his wife
California Gov. Gavin Newsom, a Democrat, said the Justice Department is investigating he and his wife, Jennifer.
Trump in G7 summit in France as he touts signing of Iran memorandum
President Trump is in France for the annual G7 summit, as the world awaits a signing of a deal with Iran.
Vance denies that Iran will receive "billions of dollars of assets" in deal
Vice President JD Vance denied that Iran will receive "billions of dollars of assets" as part of the U.S.-Iran deal that was announced Sunday and is set to be signed later this week.
HealthWatch
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American doctor who recovered from Ebola back in U.S., says he's "feeling well"
Dr. Peter Stafford, his wife, Rebekah Stafford, and their four children all arrived safely on Monday, according to Serge, a Pennsylvania-based Christian missions organization.
They're uninsured after Obamacare became too costly. They're far from alone.
After congressional Republicans let expanded subsidies for Affordable Care Act plans expire at the end of last year, some families have decided the price is too great of a financial burden and canceled their coverage.
Organic formula recalled after 3 babies diagnosed with infant botulism
The affected formula was sold at Target and at Nara.com, according to the Food and Drug Administration.
6/14: Sunday Morning
Hosted by Jane Pauley. Featured: The lack of obesity in Japan; Vice President JD Vance and second lady Usha Vance; former child star Bill Mumy; the past and future of the Houston Astrodome; a time capsule for America's 500th birthday; and soccer art made with gum wrappers.
In Japan, life lessons in healthy eating
In the U.S. the percentage of obese adults is about ten times what it is in Japan. What differentiates the Japanese diet, and how are schools making it their mission to give Japanese children a taste of a healthy life?
World
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Iran World Cup team coach says it was booted from U.S. right after first match
Iran's World Cup team coach says it was ordered to leave the U.S. and return to its training base in Mexico only a few hours after opening its politically charged tournament with a draw.
American doctor who recovered from Ebola back in U.S., says he's "feeling well"
Dr. Peter Stafford, his wife, Rebekah Stafford, and their four children all arrived safely on Monday, according to Serge, a Pennsylvania-based Christian missions organization.
Russian priest known as Putin's "confessor" hit by EU sanctions
Last year, Russia's FSB security service said it thwarted a Ukrainian-ordered plot to kill the priest.
"Spider-Man" climber dies in 400-foot fall into volcanic crater
A free climber dubbed the "Spider-Man of Yemen" died after falling almost 400 feet into a volcanic crater.
U.S. citizen arrested over alleged child sexual abuse in Colombia
Three children were found by authorities when they entered the suspect's apartment and were taken to a medical center to be evaluated, officials said.
Entertainment
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Entertainment
Billy Porter on "La Cage Aux Folles"
Billy Porter speaks with "CBS Mornings" about starring in the off-Broadway revival of the musical "La Cage Aux Folles," working with Wayne Brady and recent health issues.
America's Block Party to celebrate July 4th with benefit concert
America's Block Party will celebrate the nation's 250th birthday this Fourth of July with a benefit concert in Los Angeles and events in local communities around the country.
Singer Oliver Tree among 6 killed in helicopter collision over Rio de Janeiro
Rio de Janeiro's Military Fire Department said one of the helicopters crashed in the parking lot of a car dealership, where several electric vehicles were parked, igniting a fire.
6/14: Sunday Morning
Hosted by Jane Pauley. Featured: The lack of obesity in Japan; Vice President JD Vance and second lady Usha Vance; former child star Bill Mumy; the past and future of the Houston Astrodome; a time capsule for America's 500th birthday; and soccer art made with gum wrappers.
Soccer art made from gum wrappers
Artist Lyndon J. Barrois Sr. painstakingly sculpts art depicting soccer players. His medium of choice? The humble chewing gum wrapper. Correspondent Luke Burbank talks with Barrois about his Los Angeles exhibit, "Fútbol Is Life: Animated Sportraits," which captures iconic moments from nearly 100 years of the World Cup in tiny pieces of paper and foil.
Technology
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Technology
Anthropic to meet Trump officials, Axios says
Anthropic's senior staff is planning to meet with White House officials amid a recent dispute over the company's safety measures. Maria Curi, a tech reporter for Axios, has more.
U.K. announces plan to ban social media for children under 16
U.K. Prime Minister Keir Starmer hopes to have a ban on kids using social media that is "designed to be addictive" enacted by early next year.
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.
Prediction market traders face long odds
Prediction market platforms give fans the chance to make money on anything from predicting where Taylor Swift will get married to major sports. But a recent study found the top 1% of traders on Polymarket capture more than three-quarters of all gains. Jo Ling Kent spoke with a prediction market trader who wrote an AI-powered computer program to help him win big.
As SpaceX IPO launches, Texans near its Starbase HQ are mixed on the company
SpaceX's arrival in the region has been good for business, some Brownsville, Texas, residents say, while others rue its impact on the local community.
Science
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Science
Watch: Pentagon releases 6 new UFO videos
The Defense Department released a third batch of UFO files on Friday, three weeks after its second drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
Goblin shark seen alive in natural deep-sea habitat for the first time
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
World's largest whale graveyard found by sub at bottom of ocean
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Great white shark captured on video in Mediterranean in rare sighting
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
Crime
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Teen accused of killing stepsister on cruise to be jailed pending trial
The teen was initially released pending trial after being charged as a juvenile, but after he was charged as an adult, a judge ruled he was no longer subject to rules regarding juvenile detention.
U.S. citizen arrested over alleged child sexual abuse in Colombia
Three children were found by authorities when they entered the suspect's apartment and were taken to a medical center to be evaluated, officials said.
Man caught with 150 live venomous scorpions at airport
Police released an image of the venomous scorpions, which appear to be individually wrapped in plastic.
Woman dies after being thrown from bridge without safety cord
In videos of the accident circulating online, two men launch the woman off Skeleton Bridge, while onlookers realize there is no safety mechanism attached.
How an Iowa woman became a key witness in her own murder
The last words spoken by Angela Prichard, 55, an Iowa wife and mother who called 911 to report she was in danger, was the first clue investigators had to identify her killer.
Space
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NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
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.
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.
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?
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
6/15: The Takeout with Major Garrett
Details still slim on U.S.-Iran deal; California Gov. Gavin Newsom says the Justice Department is investigating him and his wife.
Middle East expert on U.S.-Iran deal
An initial agreement between the U.S. and Iran to extend their shaky ceasefire is nearing formal signing. Mona Yacoubian, director of the Middle East program at the Center for Strategic and International Studies, joins with analysis.
Parts of Texas brace for more rain after floods
Thunderstorms in parts of central Texas caused severe flooding over the weekend, and more rain is on the way. CBS News correspondent Jason Allen has the latest.
Trump weighs in on Georgia GOP Senate runoff
After months of abstaining from the Georgia Republican Senate primary race, President Trump has endorsed Mike Collins ahead of Tuesday's runoff. CBS News correspondent Skyler Henry reports from Atlanta.
Data: Trump made 3,600 stock trades in 3 months
New data from the Office of Government Ethics shows that President Trump is ramping up his stock portfolio, with a CBS News analysis finding the president's investment accounts made 3,600 trades between January and March. CBS News senior investigative reporter Michael Kaplan has more.