"Zombie Debt": Homeowners face foreclosure on old mortgages
"I don't even know these people because they never contacted me," said one homeowner facing $130,000 in debt.
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"I don't even know these people because they never contacted me," said one homeowner facing $130,000 in debt.
"Prices will be higher, and we will see flights sell out for both holidays," one travel pro said.
Investors were fueled by hopes that cooling prices could influence Federal Reserve ahead of its December meeting.
President Biden along with the leaders of many of the world's biggest economies are attending the two-day G20 summit in Indonesia. The summit, which starts Tuesday, will see presidents and prime ministers discuss the war in Ukraine and tensions between the U.S. and China. Nancy Cordes reports.
"CBS Mornings" co-host Nate Burleson goes to Apple's headquarters in Silicon Valley to spend time with CEO Tim Cook and get an exclusive look at a new iPhone safety feature. The two talk about the newest Apple features, the economy and Cook's future.
The Treasury chief told CBS News she expected inflation to ease thanks to a "resilient" U.S. economy, and said Biden's shift to EVs would become "less reliant on China."
After meeting with Chinese President Xi Jinping ahead of the G20 summit, President Biden said he believes there is no "imminent" threat of an invasion of Taiwan. CBS News chief White House correspondent Nancy Cordes is traveling with the President in Bali. She joined John Dickerson to discuss.
There are reports that Amazon is expected to announce layoffs of as many as 10,000 employees in the days ahead, following job cuts at Twitter, Meta and other tech companies. It would be the e-commerce giant's largest workforce cut to date. New York Times technology correspondent Karen Weise joins CBS News with more.
The cryptocurrency firm FTX filed for bankruptcy last week, leaving investors and brokers scrambling. FTX CEO Sam Bankman-Fried stepped down, and government regulators are looking into potential criminal charges. Founder and CIO of TrueCode Capital, Joshua Peck, joins CBS News' Tony Dokoupil and Lilia Luciano to try to make sense of it all.
"CBS Mornings" co-host Nate Burleson talks to Apple CEO Tim Cook about a reported hiring freeze at the company and employees returning to the office.
European markets have been taking direct hits following the resignation of British Prime Minister Liz Truss. The continent was already facing record-high inflation and interest rate hikes, similar to the U.S. Akin Oyedele, investing deputy editor at Business Insider, joined CBS News' Catherine Herridge to discuss.
It has been a trying week for the stock market and investors, with all major indices in the red on Friday. Hope King, business reporter for Axios, discusses what may be coming next, and how you can protect your money.
Author Jon Hilsenrath has written a new book about the life of Treasury Secretary Janet Yellen titled "Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval." He joined Catherine Herridge to discuss the book and Yellen's impact on the economy.
Core inflation in the U.S. surged to the highest level in 40 years as prices for housing, food and health care continued to rise. Abha Bhattarai, an economics correspondent for The Washington Post, joined Catherine Herridge to discuss September's CPI report.
CBS News chief foreign affairs correspondent Margaret Brennan joins CBS News' Catherine Herridge to discuss this week's edition of "Face the Nation." They break down the Federal Reserve's latest interest rate hike and preview an upcoming exclusive interview with Ukrainian President Volodymyr Zelenskyy.
The moves are clearly aimed at luring some business back into the country, but they may not go far enough to entice many travelers.
Anthony Salvanto, CBS News elections and surveys director, joined John Dickerson to discuss the impact of young voters on the midterm elections.
Markets surged Thursday as investors cheered the lower-than-expected October Consumer Price Index. John Leer, chief economist at Morning Consult, joins CBS News' Lana Zak and Errol Barnett to discuss the potential impact on interest rates and the overall economic outlook.
Investors cheered after U.S. consumer prices fell last month more than Wall Street expected.
The consumer price index rose 7.7% in October from a year earlier. Javier David, managing editor for business and markets at Axios, joined CBS News' Anne-Marie Green and Nancy Chen with a look at how the markets are reacting.
In Maryland's gubernatorial race, Democrat Wes Moore is the projected winner. He is making history as the state’s first Black governor and the third in American history. Moore joins "CBS Mornings" to talk about his historic victory and plans for tackling issues like crime and the economy in Maryland.
Joel Benenson, a polling adviser for former President Barack Obama's two presidential campaigns, joins CBS News' John Dickerson to discuss why Democrats exceeded expectations in the 2022 midterm elections.
"I got this wrong," admits CEO Mark Zuckerberg as his company grapples with faltering revenue and broader tech industry woes.
The stock market fell more than 600 points on Wednesday, erasing Tuesday's gains. Managing Director of Wedbush, Dan Ives, joins CBS News to discuss the markets' reaction, the recent fall in demand for mortgages, and tomorrow's Consumer Price Index report.
The stock market has dipped as midterm election results are released amid continued political uncertainty. Javier David, managing editor of business and markets for Axios, discusses initial market reaction and the relationship between the financial markets and election results.
President Trump says he sent a U.S. delegation to Pakistan for another round of peace talks with Iran but Tehran says it doesn't plan to participate.
The shooter, who is also dead, shot 10 people in total, according to police. All eight who died were children under the age of 14, police said.
An earthquake with a preliminary magnitude of 7.5 has struck off Japan's northern coast, prompting a tsunami alert across the region.
The fate of the Iran war centers on highly enriched uranium, an essential ingredient for nuclear weapons. A post-Soviet-era operation that could inform a U.S. recovery mission in Iran.
As truck traffic increases, government and industry haven't been able to stop thousands of so-called "chameleon carriers," with deadly consequences.
Officers from the Iowa City Police Department heard gunfire while responding to a report of a large fight, the department said.
A mother and her six children died when their Central Pennsylvania home exploded and caught on fire Sunday morning, state police said.
U.K. counterterrorism police are investigating a spate of arson attacks against Jewish sites in London.
Following President Trump's promise of mass deportations of undocumented immigrants, more than 200 immigration judges have been fired, forced out or retired, and are being replaced by what are advertised as "deportation judges."
The National Republican Congressional Committee, House Republicans' campaign arm, is touting a record-breaking fundraising haul to start the 2026 midterm cycle, the committee chairman told CBS News.
The U.S. military said it launched another strike on a boat accused of ferrying drugs in the Caribbean Sea.
Canadian Prime Minister Mark Carney said in a video address released Sunday that Canada's strong economic ties to the United States were once a strength but are now a weakness that must be corrected.
On this "Face the Nation with Margaret Brennan" broadcast, U.N. Ambassador Mike Waltz and former Attorney General Eric Holder join Margaret Brennan.
U.N. Ambassador Mike Waltz said Sunday that the U.S. is "never going to take an approach of trust" with Iran as U.S. officials are set to head to Islamabad for a second round of talks this week.
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
Rising jet fuel prices are forcing airlines to cut routes and trim schedules.
Prices dropped after Iran's foreign minister said the Strait of Hormuz is "completely open" for the remainder of the Israel-Lebanon ceasefire.
Households are starting to make room in their budgets for spending on generative AI subscriptions, new data shows.
The National Republican Congressional Committee, House Republicans' campaign arm, is touting a record-breaking fundraising haul to start the 2026 midterm cycle, the committee chairman told CBS News.
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
The U.S. military said it launched another strike on a boat accused of ferrying drugs in the Caribbean Sea.
Canadian Prime Minister Mark Carney said in a video address released Sunday that Canada's strong economic ties to the United States were once a strength but are now a weakness that must be corrected.
On this "Face the Nation with Margaret Brennan" broadcast, U.N. Ambassador Mike Waltz and former Attorney General Eric Holder join Margaret Brennan.
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
Former Trump Surgeon General Dr. Jerome Adams described Dr. Erica Schwartz as a "home run pick."
The order will open the door for more research into psychedelic drugs, including ibogaine, sources told CBS News earlier this week.
Casey Gould wanted to be a mom her whole life. Her long-awaited pregnancy went smoothly — until she saw something alarming.
President Trump nominated a new director for the Centers for Disease Control and Prevention on Thursday. Dr. Erica Schwartz is a former deputy surgeon general and retired Coast Guard rear admiral.
An earthquake with a preliminary magnitude of 7.5 has struck off Japan's northern coast, prompting a tsunami alert across the region.
The U.S. military said it launched another strike on a boat accused of ferrying drugs in the Caribbean Sea.
Canadian Prime Minister Mark Carney said in a video address released Sunday that Canada's strong economic ties to the United States were once a strength but are now a weakness that must be corrected.
The following is the transcript of the interview with Obama administration Attorney General Eric Holder that aired on "Face the Nation with Margaret Brennan" on April 19, 2026.
The following is the transcript of the interview with Amos Hochstein, Biden administration senior energy adviser and Middle East negotiator, that aired on "Face the Nation with Margaret Brennan" on April 19, 2026.
Hosted by Jane Pauley. Featured: The purge of immigration judges; seeking accountability in trucking accidents; Don Cheadle and Ayo Edebiri on Broadway; portraitist Michael Shane Neal; the legacy of woodworker George Nakashima; an operatic car salesman; and Earth Day stories of advances in sustainability.
Michael Shane Neal, perhaps America's greatest living portraitist, recently fulfilled a long-held ambition: to paint a living president. He talks with correspondent Martha Teichner about producing a portrait of former President Joe Biden. He also discusses "being in the zone" while painting a portrait; following in the footsteps of famed artists Everett Raymond Kinstler and John Singer Sargent; and becoming a TikTok fashion icon.
The celebrated actors are both making their Broadway debuts in a revival of David Auburn's Tony- and Pulitzer Prize-winner "Proof," about a brilliant mathematics professor with mental-health issues, and his daughter with issues of her own.
In this web exclusive, actors Ayo Edebiri ("The Bear") and Don Cheadle ("Hotel Rwanda") talk with Tracy Smith about making their Broadway debuts in the revival of "Proof." They also discuss their love of live theater, and the early roles that inspired their passion for acting.
Celebrated actors Don Cheadle and Ayo Edebiri are both making their Broadway debuts in a revival of David Auburn's Tony- and Pulitzer Prize-winner "Proof," about a brilliant mathematics professor with mental-health issues, and his daughter with issues of her own. Cheadle and Edebiri talk with Tracy Smith about exploring the dynamics of a parent-child relationship, and how their off-stage relationship helps them on-stage.
The process of making 30 billion tons of concrete every year produces more carbon pollution than all the world's ships and planes put together. Now, the North Carolina and Denmark-based Biomason is using biotechnology, including naturally-occurring microbes, to create "biocement" that's just as sturdy but emits much less CO2. David Pogue reports.
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy.
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.
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy. Correspondent David Pogue examines what Panthalassa's alternative to land-based data centers may mean.
The struggling shoe brand Allbirds announced it is exiting the footwear business and re-inventing itself as an artificial intelligence company. Max Darrow has more from San Francisco.
The process of making 30 billion tons of concrete every year produces more carbon pollution than all the world's ships and planes put together. Now, the North Carolina and Denmark-based Biomason is using biotechnology, including naturally-occurring microbes, to create "biocement" that's just as sturdy but emits much less CO2. David Pogue reports.
Over the past century, the cultivation and processing of wheat has led to strains of grain that are less nutritious, less flavorful, and more vulnerable to climate change. The researchers at Breadlab, at Washington State University, are trying to breed varieties of whole grains that are better for farmers, consumers – and taste buds. David Pogue reports.
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy.
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy. Correspondent David Pogue examines what Panthalassa's alternative to land-based data centers may mean.
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Five people were injured Sunday in a shooting near the University of Iowa's campus in Iowa City. No arrests have been made yet.
Eight kids ranging in age from 1 to 14 were killed Sunday morning in a Shreveport, Louisiana, mass shooting. Jason Allen reports.
Officials in Louisiana held a news conference after 10 people were shot in a domestic disturbance that left eight children dead. Corporal Chris Bordelon of the Shreveport Police Department, Mayor Tom Arceneaux and Chief Wayne Smith provided updates on Sunday afternoon.
Officers from the Iowa City Police Department heard gunfire while responding to a report of a large fight, the department said.
The gunman, who is also dead, shot 10 people in total, according to police. All eight who died were children from 3- to 11-years-old, police said.
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
First, U.S. eyes Iran's highly enriched uranium. Then, Rachel Goldberg-Polin | 60 Minutes Interview. And, turning recordings of animals into music.
Eight kids killed in Louisiana shooting; U.S.-Iran ceasefire on shaky ground.
Retired California teaching assistant Angel Barba has been a baby squirrel foster mom for the last seven years. Italy Hod reports.
First-time homebuyers make up just 21% of the market, and they face record-high prices, high interest rates and stiff competition from baby boomers. Carter Evans reports.
Charlie D'Agata, Olivia Rinaldi and Lana Zak report on the current state of Iran war, what we know about peace talks and how the conflict is spiking fuel prices here at home.