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.
Credit Cards
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.
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.
New protections for "buy now, pay later" shoppers
The Consumer Financial Protection Bureau announced Wednesday that lenders that offer "buy now, pay later" plans must provide customers with the same protections as those offered to credit card users, including allowing shoppers to demand refunds on returned products or canceled services. Jo Ling Kent has details.
Rules for "buy now, pay later" plans
The Consumer Financial Protection Bureau has announced expanded protections for Americans choosing to use the "buy now, pay later" options to purchase certain goods. CBS News senior business and technology correspondent Jo Ling Kent breaks down the protections.
Federal judge blocks White House plan to curb credit card late fees
The banking industry is mounting a last-ditch effort to block a new federal rule that would slash credit card late-payment fees.
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.
Fed expected to leave interest rates alone
The Federal Reserve is set to announce its third interest rate decision of 2024 on Wednesday. CBS News contributor Javier David, managing editor of business and markets at Axios, discusses what to expect.
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.
Capital One-Discover merger: What to know
A potential merger between Capital One and Discover Financial Services is sparking antitrust concerns. The two firms are the fourth and sixth largest companies issuing credit cards to American consumers. Lucinda Shen, financial technology reporter for Axios, joins CBS News to discuss what the agreement could mean for consumers and the economy.
How to save hundreds of dollars on your credit card payments
Many consumers are paying up to $500 more in annual interest than necessary, and credit scores have nothing to do with it.
Your Delta SkyMiles American Express card is getting pricier
The cards will cost more but also offer enhanced benefits, including restaurant and rideshare credits.
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.
Why George Santos faces House expulsion vote
Rep. George Santos, a New York Republican, pleaded not guilty Friday to the latest federal charges against him. Santos is accused of stealing his campaign donors' identities and racking up thousands of dollars in unauthorized charges on their credit cards. CBS News congressional correspondent Scott MacFarlane has the latest on how Congress may react to Santos' legal woes.
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.
Consumer groups says Mastercard is selling cardholders' data without consent
Customers don't realize what the nation's second-largest credit card issuer is doing with their personal data, according to PIRG report.
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.
New York Fed: Loan rejection rates rising
More and more Americans are seeing their loan applications rejected. The Federal Reserve Bank of New York reported that rejection rates are up for many loans -- including mortgages, auto loans and credit cards. John Vivian, senior director of finance consulting firm Potomac Global Partners, joins CBS News to help make sense of the lending landscape.
5/17: CBS News Mornings
President Biden and first lady to meet shooting victims' families; Americans relying on credit cards and other methods to pay for items
5/5: CBS News Mornings
Federal Reserve hikes interest rate by 0.5%; Comedian Dave Chappelle attacked on stage
The pros and cons of airline credit cards
As we head into the height of the summer travel season, many people are looking for the best way to stretch their travel budget. Airline credit cards offer perks and points which may sound ideal, but travel experts warn the benefits may not be worth your money. Wall Street Journal travel reporter Jacob Passy joined CBS News to break down the pros and cons of different cards.
Lala is a tropical storm again after lashing past Hawaii's Big Island
As a hurricane, Lala skirted past Hawaii's Big Island, where it brought heavy rain and the possibility of life-threatening flooding and mudslides.
CBS News poll on whether Democrats split over socialism
Americans think more young people in office would make politics better.
Live
CENTCOM chief visits USS Abraham Lincoln amid morale concerns
Meanwhile, Israel is being condemned by Lebanese leaders for strikes in the south that killed at least 11 people, including children.
Beshear says he's "heard absolutely nothing" from McConnell
Kentucky Gov. Andy Beshear said he hasn't heard back from Sen. Mitch McConnell following a formal request for an update on his health last month amid a weekslong hospitalization.
Exclusive
Ukraine's own ballistic missiles could strike Russia within months, says former minister
Mykhailo Fedorov, the former Ukrainian defense minister who is widely credited as the architect of the country's modern war-fighting strategy, told CBS News in an exclusive interview that he believes Ukraine is in a "technological war" with Russia.
Rahm Emanuel on Trump, the left, and what's right for America
As a Democratic Congressman, Chicago mayor, ambassador, and chief of staff in the Obama White House, Rahm Emanuel has been a key and combative moderate; he says his fight, now and in the future, is bigger than him and his party.
Ukraine launches one of the largest aerial attacks on Russia yet
Footage shows a large column of smoke after Ukraine struck a major logistics hub in the Moscow region.
NATO fighter jet shoots down drone in Romania near border with Ukraine
It is the latest in a series of similar incidents involving drone incursions into NATO airspace from Ukraine
South Carolina to hold first 2028 Democratic presidential primary
South Carolina's Democratic presidential primary will take place on Jan. 22, 2028. Nevada, New Hampshire, New Mexico, Michigan and Virginia will also hold early Democratic nominating contests.
U.S.
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Beshear says he's "heard absolutely nothing" from McConnell
Kentucky Gov. Andy Beshear said he hasn't heard back from Sen. Mitch McConnell following formal requests for an update on his health last month amid a weekslong hospitalization.
Short pants: The long and the short of it
The summer of 1936 saw a heat wave so dangerous at least five thousand people died. It also saw the popularization of a cooler fashion alternative – shorts – which, in some jurisdictions, were illegal.
How Lovina Zook left the Amish and found an online audience
This 23-year-old who grew up in a conservative Amish community and had never used a cell phone or computer is today an unlikely social media influencer, sharing stories and recipes of the Amish with her six million online followers.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Security video helps lead to a masked killer who tried to hide the crime
Dr. Steven Milner, a well-respected Oregon veterinarian, was accused of stalking and disguising himself before murdering Kenny Fandrich — the husband of a former employee. Security cameras played a key role in how detectives pieced the case together.
MoneyWatch
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CBS News poll on whether Democrats split over socialism
Americans think more young people in office would make politics better.
Hormuz chaos highlights risks for other global trade chokepoints
The war in Iran has underscored how disruptions to a key shipping route thousands of miles away can have a material impact on American consumers.
FDA upgrades egg recall linked to salmonella to highest risk level
U.S. food regulators say 1.6 million cartons of recalled eggs can "cause serious adverse health consequences or death."
How to get a refund for Trump tariffs struck down by Supreme Court
The U.S. has refunded more than $100 billion in illegal tariffs to businesses, and some of that money is going to consumers — here's what to know.
Walmart tomato soup kits recalled over Listeria risk, FDA says
The 14oz soup kits were distributed at Walmart stores in 29 states between June 30 and July 7, according to the FDA.
Politics
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Transcript: Rep. Don Bacon on "Face the Nation with Margaret Brennan," Aug. 16, 2026
The following is the transcript of an interview with Rep. Don Bacon, Republican of Nebraska, that aired on "Face the Nation with Margaret Brennan" on Aug. 16, 2026.
Transcript: Pennsylvania state Rep. Chris Rabb on "Face the Nation with Margaret Brennan," Aug. 16, 2026
The following is the transcript of an interview with Pennsylvania state Rep. Chris Rabb, a Democrat, that aired on "Face the Nation with Margaret Brennan" on Aug. 16, 2026.
Beshear says he's "heard absolutely nothing" from McConnell
Kentucky Gov. Andy Beshear said he hasn't heard back from Sen. Mitch McConnell following formal requests for an update on his health last month amid a weekslong hospitalization.
Transcript: Kentucky Gov. Andy Beshear on "Face the Nation with Margaret Brennan," Aug. 16, 2026
The following is the transcript of an interview with Kentucky Gov. Andy Beshear, a Democrat, that aired on "Face the Nation with Margaret Brennan" on Aug. 16, 2026.
Rahm Emanuel on Trump, the left, and what's right for America
As a Democratic Congressman, Chicago mayor, ambassador, and chief of staff in the Obama White House, Rahm Emanuel has been a key and combative moderate; he says his fight, now and in the future, is bigger than him and his party.
HealthWatch
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Mom-to-be had 2 signs of rare complication: "Everything kept getting worse"
Candice Davis' first pregnancy was going smoothly until she began feeling some nausea and pain one afternoon.
My husband was kicked out of hospice. Here's what I learned.
Some seriously ill patients improve on hospice. About 1 in 16 patients enrolled in hospice care lose eligibility as a result. Here's how to get appropriate care.
Whole Foods recalls some jalapeño products over salmonella risk
Certain salsas, guacamole, pico de gallo and prepared jalapeño products at Whole Foods are among the products recalled over possible salmonella risk.
Maps and charts show record number of measles cases in U.S. this year
CBS News has been tracking a record number of measles cases and outbreaks around the country. The majority of cases are among those who haven't been vaccinated.
Norah O'Donnell: I take testosterone. Here's why.
Norah O'Donnell sat down with her own doctor, Rachel Rubin, to tackle the important topic of menopause: How your body changes, why women may be needlessly suffering, and what you can actually do about it.
World
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Transcript: Rep. Don Bacon on "Face the Nation with Margaret Brennan," Aug. 16, 2026
The following is the transcript of an interview with Rep. Don Bacon, Republican of Nebraska, that aired on "Face the Nation with Margaret Brennan" on Aug. 16, 2026.
Transcript: Pennsylvania state Rep. Chris Rabb on "Face the Nation with Margaret Brennan," Aug. 16, 2026
The following is the transcript of an interview with Pennsylvania state Rep. Chris Rabb, a Democrat, that aired on "Face the Nation with Margaret Brennan" on Aug. 16, 2026.
Transcript: Kentucky Gov. Andy Beshear on "Face the Nation with Margaret Brennan," Aug. 16, 2026
The following is the transcript of an interview with Kentucky Gov. Andy Beshear, a Democrat, that aired on "Face the Nation with Margaret Brennan" on Aug. 16, 2026.
4 Renaissance paintings stolen from museum in Italy
Local officials have expressed their dismay and sadness at the theft which occurred during celebrations of the Virgin Mary.
Ukraine launches one of the largest aerial attacks on Russia yet
Footage shows a large column of smoke after Ukraine struck a major logistics hub in the Moscow region.
Entertainment
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Entertainment
8/16: Sunday Morning
Hosted by Jane Pauley. Featured: Weather becoming more extreme; Rahm Emanuel; The Eagles' Don Henley; ex-Amish, now social media creator Lovina Zook; trophy bull riding belt buckles; the iNaturalist app; and the long and short of short pants.
The Eagles' "Long Goodbye" farewell tour, now longer
The Eagles, one of the greatest old-school bands on Earth (and whose "Greatest Hits" compilation is the bestselling album in history), have extended their farewell tour, currently in residency at The Sphere in Las Vegas. Eagles co-founder Don Henley talks with correspondent Tracy Smith about the band's half-century relationship with their fans; the legacy of his late bandmate Glenn Frey; and how his pre-performance regimen has changed with age. (Originally broadcast Feb. 8, 2026.)
Almanac: August 16
"Sunday Morning" looks back at historical events on this date.
8/15: CBS Saturday Morning
Rain floods the Midwest as Lala looms over Hawaii. We look inside a spy satellite company. Plus, Putin's meeting with President Trump, a year later.
Elizabeth Cook sings "Girls of Atomic City"
Country singer-songwriter Elizabeth Cook has returned over 400 times to Nashville's Grand Ole Opry. She appears with David Letterman in "The Easy Kind," a new film inspired by her life and rise in the music industry. Her new record, "Great Television," is out now. Here's Elizabeth Cook with "Girls of Atomic City."
Technology
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Technology
The iNaturalist app – Mixing science with fun
The iNaturalist cellphone app not only helps users identify plant, animal and insect species; it also provides invaluable data to scientists studying biodiversity, species decline, and habitat loss. It also provides opportunities for fun: David Pogue joins iNaturalist fan Martha Stewart in a "bioblitz" – a timed competition with other users to spot and ID species. (Originally broadcast March 22, 2026.)
The silent spy game orbiting above Earth's skies
Above Earth's atmosphere, an arms race is unfolding. Thousands of miles above the ground, satellites from different companies and nations are observing us and each other. To learn more, Olivia Gazis traveled to Vantor, a Colorado-based satellite technology company.
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.
Where to get the latest CBS Mornings Deals
On this edition of CBS Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
French teen social media ban struck down by top constitutional authority
France's social media ban, which was due to take effect on Sept. 1, would have barred younger users from networks such as TikTok, Snapchat and Instagram.
Science
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A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Astronomy professor on how eclipses work
Janna Levin, professor of physics and astronomy at Barnard College, joins CBS News to discuss Wednesday's total solar eclipse.
Crime
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Security video helps lead to a masked killer who tried to hide the crime
Dr. Steven Milner, a well-respected Oregon veterinarian, was accused of stalking and disguising himself before murdering Kenny Fandrich — the husband of a former employee. Security cameras played a key role in how detectives pieced the case together.
Violent crime down in big cities
Violent crime numbers are down across many major U.S. cities. Ali Bauman is in Newark, New Jersey, which has seen a large drop in homicides.
5 hurt in Virginia State University shooting
Police say multiple suspects were involved in the Virginia State University campus shooting that wounded five on Saturday.
Mozart statuettes snatched in classical caper
To celebrate Mozart's 270th birthday this year, German artist Ottmar Hörl made 320 statuettes of the composer and his dog, Pimperl, placing them around Salzburg, Austria. However, the statuettes have been pilfered.
Italian art heist foiled
Five accused thieves are under arrest after police say they took $10 million worth of art from a private museum in an Italian villa.
Space
More Space
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
Perseid meteor shower reaches peak viewing on Wednesday night
The Perseid meteor shower is the best viewing all year, according to NASA.
Most detailed images taken of sun's surface revealed
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
SpaceX rocket booster slams into moon, creating crater that could be 16 feet deep
The impact wasn't visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
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.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Photos show 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.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
Poll on Democrats' split over socialism
As Democrats debate the future of the party amid primaries this summer, CBS News executive director of elections and surveys Anthony Salvanto joins "Face the Nation with Margaret Brennan" to discuss whether Democrats are split on socialism -- and how Americans see political parties in today's economy.
Bacon on Trump's Iran comments
Republican Rep. Don Bacon of Nebraska, who is not running for reelection, told "Face the Nation with Margaret Brennan" that President Trump's comments about gas prices amid the Iran war are "honest," and that the president was "setting maybe false expectations in the previous months, during the initial parts of this campaign with Iran."
8/16: Sunday Morning
Hosted by Jane Pauley. Featured: Weather becoming more extreme; Rahm Emanuel; The Eagles' Don Henley; ex-Amish, now social media creator Lovina Zook; trophy bull riding belt buckles; the iNaturalist app; and the long and short of short pants.
Open: "Face the Nation," Aug. 16, 2026
This week on "Face the Nation with Margaret Brennan," amid a number of socialist candidates in the Democratic Party, President Trump has found his rallying cry for the midterm elections. Democratic Gov. Andy Beshear of Kentucky and GOP Rep. Don Bacon join, plus a new poll from CBS News executive director of elections and surveys Anthony Salvanto.
Nature: Sunflowers in South Dakota
We leave you this Sunday lost in a field of sunflowers in South Dakota's Lyman County. Videographer: Kevin Kjergaard.