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 accuses U.S. of violating ceasefire as stalemate continues in peace talks
The U.S. military reported that it has shot down six Iranian one-way attack drones headed toward the Strait of Hormuz.
Jared Kushner-backed luxury resort stokes days of protests in Albania
The so-called "Flamingo Revolution" has taken up the cause of protecting the Albanian coast from a development led by the president's son-in-law.
Pratt's lead over Raman further erodes in new L.A. mayoral race results
Political newcomer Spencer Pratt's lead over Los Angeles City Councilwoman Nithya Raman in the race for L.A. mayor has continued to diminish since election night.
Missing Auburn University student in Japan found dead, mother says
James Higginbotham was found dead in a mountainous area outside Kyoto by a volunteer search-and-rescue group, his mother said.
Treasury Department plans to use Iranian assets to help U.S. Gulf allies recover
The Treasury Department will use Iranian assets to help U.S. Gulf allies recover from damage caused by Tehran's regime, a source familiar with Treasury Secretary Scott Bessent's thinking told CBS News.
5 taken to the hospital after strong winds at NCAA tournament
Video from the storm showed rain and wind that reached speeds of 40 mph tearing up a tent, with one person flying through the air while trying to hold it down as another person rolls uncontrollably down a hill.
Golden Tempo wins the Belmont Stakes after also taking the Kentucky Derby
Golden Tempo made Cherie DeVaux the first woman to train a Kentucky Derby winner.
At least 12 people wounded in shooting near festival in Toledo, Ohio
Police in Toledo, Ohio, reported that there were believed to be at least two shooters. No suspects have been arrested.
FBI fires analysts who worked on memo about Catholic extremist ideology
The five fired FBI analysits were involved in the creation of a withdrawn internal 2023 intelligence memo on "Radical Traditionalist Catholic" ideology, sources said.
U.S.
More U.S.
5 taken to the hospital after strong winds at NCAA tournament
Video from the storm showed rain and wind that reached speeds of 40 mph tearing up a tent, with one person flying through the air while trying to hold it down as another person rolls uncontrollably down a hill.
Ex-boyfriend and fiancée behind fatal stabbing, shooting of Texas mom
What appeared to be an open-and-shut case for Texas investigators turned out to be a twisted murder plot involving victim Alyssa Beard's ex-boyfriend Andrew Beard and his fiancée Holly Elkins – who detectives say was the mastermind.
At least 12 people wounded in shooting near festival in Toledo, Ohio
Police in Toledo, Ohio, reported that there were believed to be at least two shooters. No suspects have been arrested.
Golden Tempo wins the Belmont Stakes after also taking the Kentucky Derby
Golden Tempo made Cherie DeVaux the first woman to train a Kentucky Derby winner and the second woman to train a Belmont Stakes winner.
Prediction markets have become a draw for young men. Here's why
Prediction markets have become a draw for young men in search of quick cash and thrills, experts say. "I had almost $4,600 at one point but squandered that," one man said.
MoneyWatch
More MoneyWatch
Prediction markets have become a draw for young men. Here's why
Prediction markets have become a draw for young men in search of quick cash and thrills, experts say. "I had almost $4,600 at one point but squandered that," one man said.
The job market is much stronger than economists expected. Why?
Americans say it's tough to find a job, but employers just added a surprisingly strong 172,000 new hires in May.
Second Facebook privacy settlement payment is coming soon
The additional payouts come from uncashed settlement funds and will be issued to eligible claimants beginning on June 9.
Employers added 172,000 jobs in May, surging past expectations
The labor market continues to show strength despite rising inflation and concerns about slowing economic growth.
Meta is selling $3.99 monthly subscriptions for Instagram Plus
The new paid tier adds features like longer stories and deeper metrics as Meta looks to diversify revenue beyond advertising.
Politics
More Politics
Treasury Department plans to use Iranian assets to help U.S. Gulf allies recover
The Treasury Department will use Iranian assets to help U.S. Gulf allies recover from damage caused by Tehran's regime, a source familiar with Treasury Secretary Scott Bessent's thinking told CBS News.
Pratt's lead over Raman further erodes in new L.A. mayoral race results
Political newcomer Spencer Pratt's lead over Los Angeles City Councilwoman Nithya Raman in the race for L.A. mayor has continued to diminish since election night.
Becerra advances in California governor's race, CBS News projects
Former U.S. Health and Human Services Secretary Xavier Becerra, a Democrat, will advance to the November election in the California governor's race, CBS News projects. A second candidate in the race has not yet been projected to advance.
Colombia's Petro accuses Trump of intervening in his country's election
Colombian President Gustavo Petro argues the U.S. has chosen to align against his government and back forces he identifies as complicit in the drug trade.
No bags, no watch parties: What to expect when Trump attends NBA Finals
As President Trump prepares to watch the New York Knicks take on the San Antonio Spurs at Madison Square Garden, officials are planning for a heightened security posture, sources said.
HealthWatch
More HealthWatch
HealthWatch
A breakthrough for Type 1 diabetes treatment
A medical breakthrough is showing promise for millions of Americans with Type 1 diabetes. It's an alternative to taking insulin without the injections. Mark Strassmann has more details.
U.S. doctor with Ebola recovers from deadly virus, German hospital says
Dr. Peter Stafford was working with a missionary group in the Congo when he came down with the virus last month.
Veteran runs to fight "life-changing disease" after minor symptoms
Dr. Sara Whittingham thought she would know if something was wrong. But her minor symptoms had a surprising cause.
In Congo, doctors face Ebola with little protection: "We live with fear"
Travel bans and conflict have disrupted supply chains in the Democratic Republic of Congo, leaving health workers without Ebola tests and protective gear needed to contain the outbreak.
FDA moves ahead with safety study of abortion pill mifepristone
The FDA is moving ahead with a safety study of the abortion pill mifepristone, a senior FDA official confirmed to CBS News, a step that could create a path for the Trump administration to restrict access to the medication.
World
More World
Treasury Department plans to use Iranian assets to help U.S. Gulf allies recover
The Treasury Department will use Iranian assets to help U.S. Gulf allies recover from damage caused by Tehran's regime, a source familiar with Treasury Secretary Scott Bessent's thinking told CBS News.
Iran soccer team departs for Mexico ahead of World Cup
Problems with processing visas had earlier led Iran to move its training base from Tucson, Arizona, to Tijuana, Mexico.
Jared Kushner-backed luxury resort stokes days of protests in Albania
The so-called "Flamingo Revolution" has taken up the cause of protecting the Albanian coast from a development led by the president's son-in-law.
In France, Hegseth invokes immigration and "invasion" in D-Day remarks
Hegseth's speech echoed broader Trump administration rhetoric over border security and migration in Europe.
Missing Auburn University student in Japan found dead, mother says
James Higginbotham was found dead in a mountainous area outside Kyoto by a volunteer search-and-rescue group, his mother said.
Entertainment
More Entertainment
Entertainment
Steven Spielberg watches scene from "Close Encounters of the Third Kind"
In this web exclusive, Steven Spielberg, director of the new film "Disclosure Day," walks Turner Classic Movies host Ben Mankiewicz through a scene from his 1977 UFO classic "Close Encounters of the Third Kind," discussing Richard Dreyfuss' performance, the widescreen aspect ratio, and John Williams' music.
Patton Oswalt on his new comedy special
Patton Oswalt sits down with "CBS Saturday Morning" to discuss his new special, "Tea & Scotch," and reflect on his comedic journey.
Simon Pegg and Lizzy McAlpine on new film
Simon Pegg and Lizzy McAlpine sit down with "CBS Saturday Morning" to discuss their new film, "Only What We Carry," which was shot in six days and mostly improvised.
Ashley McBryde performs "Ten To Midnight"
Grammy-winning country music star Ashley McBryde's latest album, "Wild," draws on her experiences growing up in the Ozarks and her journey to sobriety. Ahead of her summer U.S. tour, here's Ashley McBryde performing "Ten To Midnight."
Ashley McBryde performs "Bottle Tells Me So"
Grammy-winning country music star Ashley McBryde's latest album, "Wild," draws on her experiences growing up in the Ozarks and her journey to sobriety. Ahead of her summer U.S. tour, here's Ashley McBryde performing "Bottle Tells Me So."
Technology
More Technology
Prediction markets have become a draw for young men. Here's why
Prediction markets have become a draw for young men in search of quick cash and thrills, experts say. "I had almost $4,600 at one point but squandered that," one man said.
Anthropic on global pause on AI development
Anthropic is urging a pause in AI development amid growing concerns about future risks, though some experts question the company's motives. Vicky Ge Huang, a reporter for The Wall Street Journal, joins CBS News with more details.
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.
Alarm over computer "worms" created with AI
Experts are warning about computer "worms" created with AI that can infect devices and harm users without restraint. University of Toronto professor Nicolas Papernot joins with more.
New details on SpaceX IPO plans
SpaceX is going public this month, and it could be the largest-ever stock market debut. As it plans this move, SpaceX has amended the language in its IPO filing to address the company's growing need for water, particularly to expand its data centers. CBS News' Kelly O'Grady reports, and University of California, Riverside, associate professor Shaolei Ren joins to discuss.
Science
More Science
El Niño could bring more widespread coral bleaching, NOAA warns
The expected arrival of El Niño this summer could trigger another mass coral bleaching event, which would be the fifth on record, researchers said.
Scientists find yeast in frozen mummy's guts, use it to make bread
More than 5,300 years ago, Oetzi the Iceman was strolling through the Alps on the border of Austria and Italy when he was killed by an arrow in the back.
Meteor lights up southern Michigan
Days after a meteor exploded over New England, another fireball was spotted, visible in the Midwest to the Northeast. Rob Marciano has more.
Ancient coin, mysterious markings found under Notre Dame cathedral
A team of archaeologists at the iconic cathedral is digging straight down and back in time, to Roman Paris 2,000 years ago.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
Crime
More Crime
Crime
The Plot to Eliminate Alyssa Burkett
A toxic couple orchestrates an elaborate plan to kill a mother. "48 Hours" correspondent Peter Van Sant reports.
Ex-boyfriend and fiancée behind fatal stabbing, shooting of Texas mom
What appeared to be an open-and-shut case for Texas investigators turned out to be a twisted murder plot involving victim Alyssa Beard's ex-boyfriend Andrew Beard and his fiancée Holly Elkins – who detectives say was the mastermind.
Police give update on shooting near festival
At least 12 people were wounded in a shooting near the Old West End Festival in Toledo, Ohio, officials said Saturday. The Toledo Police Department gave a press briefing on the incident.
L.A. police chase ends in deadly shooting
The freeways of Los Angeles saw two big police pursuits on Friday. The first chase ended when authorities reported that a robbery suspect was shot and killed on the busy 405 Freeway during morning rush hour. In the second incident, an alleged carjacker was taken down by a police K-9 following a meandering three-hour chase. Carter Evans has more.
Marine veteran fights off armed attackers
A Marine veteran was working on his truck in front of his home in Oxon Hill, Maryland, this week, when four teens tried to rob him at gunpoint. That is when his military training kicked in. Tom Hanson reports.
Space
More Space
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.
Blue Origin vows to resume New Glenn launches despite explosion
Damage to Blue Origin's lone launch pad in the wake of last week's spectacular explosion was not as severe as initially feared, the company said.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
Latest Galleries
More Latest Galleries
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
More Latest CBS News Videos
Latest CBS News Videos
Steven Spielberg watches scene from "Close Encounters of the Third Kind"
In this web exclusive, Steven Spielberg, director of the new film "Disclosure Day," walks Turner Classic Movies host Ben Mankiewicz through a scene from his 1977 UFO classic "Close Encounters of the Third Kind," discussing Richard Dreyfuss' performance, the widescreen aspect ratio, and John Williams' music.
The Plot to Eliminate Alyssa Burkett
A toxic couple orchestrates an elaborate plan to kill a mother. "48 Hours" correspondent Peter Van Sant reports.
Police give update on shooting near festival
At least 12 people were wounded in a shooting near the Old West End Festival in Toledo, Ohio, officials said Saturday. The Toledo Police Department gave a press briefing on the incident.
How fans are feeling ahead of the World Cup
Seattle's Space Needle sported a new look on Saturday, painted like a soccer ball. The city is one of 16 across North America set to host men's World Cup games. Nicole Valdes reports on how die-hard fans are getting ready.
A breakthrough for Type 1 diabetes treatment
A medical breakthrough is showing promise for millions of Americans with Type 1 diabetes. It's an alternative to taking insulin without the injections. Mark Strassmann has more details.