How to prepare for tax return changes
Jan. 23 marks the start of tax season. Toby Mathis, founding partner of Anderson Business Advisors, joined CBS News to recap changes to the tax code and what people should do before filing their returns.
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Jan. 23 marks the start of tax season. Toby Mathis, founding partner of Anderson Business Advisors, joined CBS News to recap changes to the tax code and what people should do before filing their returns.
Microsoft is set to cut 10,000 jobs, or nearly 5% of its workforce. The company said the layoffs were a response to a slowdown in customer spending in anticipation of a potential recession.
U.S. Treasury Secretary Janet Yellen met with her Chinese counterpart on Wednesday in Switzerland. CBS News anchors Lana Zak and Errol Barnett spoke with Amy Celico, a principal with the foreign policy firm Albright Stonebridge Group, about the state of U.S.-Chinese relations.
Regional egg shortages across the country are leading to higher egg prices while leaving many store shelves empty. Experts blame production issues, but also widespread bird flu nationwide, which they describe as endemic, meaning the problem will not be over soon. Carter Evans reports.
Treasury Secretary Janet Yellen met with top Chinese economic officials in Switzerland Wednesday for over two hours. CBS News reporter Sarah Ewall-Wice joined Vladimir Duthiers and Anne-Marie Green to discuss the talks and what it means for the global economy.
Key health and transport workers, driving instructors, bus drivers and postal workers have all gone on strike in recent months in a standoff with the government.
Inflation has slowed for six months straight, but some grocery store staples have continued to skyrocket in price. Among items leaving consumers shell-shocked at the increased cost: eggs. Carter Evans takes a look.
Treasury Secretary Janet Yellen says the U.S. will hit its debt limit of $31.4 trillion Thursday. CBS News congressional correspondent Scott MacFarlane joins the show to discuss what's being said on Capitol Hill about the looming debt ceiling crisis.
"We don't have time for incrementalism anymore," said author Rick Warztman.
The U.S. is likely to hit the debt limit on January 19, according to Treasury Secretary Janet Yellen, setting up a likely debate in Congress on how to avoid a potential default. Jack Lew, a former treasury secretary who served during President Obama's second term, joined John Dickerson on "Prime Time" to discuss.
Providing liquidity to lenders and digital asset companies
Despite signs of inflation easing up, many economists are still expecting the U.S. to fall into a recession. CBS News' Tony Dokoupil and Lana Zak are joined by Harriet Torry, economics reporter for the Wall Street Journal, to discuss the economic outlook.
World leaders and executives are gathering in Switzerland for the annual World Economic Forum. Simon Kennedy, executive editor for economics at Bloomberg News, joins "CBS News Mornings" to explain the main focus points for this year's meeting and how it differs from prior ones.
China will release its fourth-quarter GDP report shortly after ending its "zero-COVID" policy. Rebecca Walser, president of Walser Wealth Management, joins "CBS News Mornings" to discuss what the report could show about China's economic recovery.
Treasury Secretary Janet Yellen has told congressional lawmakers the U.S. is likely to reach its debt limit next Thursday, Jan. 19. Javier David, managing editor of business and markets at Axios, and a CBS News contributor, discussed what the implications could be if that happens, and what tools are available to delay a potential default.
The British GDP grew slightly in the month of November, beating expectations from economists. CBS News foreign correspondent Ramy Inocencio joined Vladimir Duthiers and Anne-Marie Green to discuss what the numbers mean, as well as the impact of loosened travel restrictions for China's economy.
Inflation appears to be slowing, as the Consumer Price Index fell to 6.5% in December. But the price of some items — like eggs — is skyrocketing. The high cost of housing is also having an impact on young people, forcing many to move home with their parents. Nancy Chen takes a look.
Americans owed more than $1.5 trillion on their car loans in the third quarter. New York Times business reporter Jack Ewing joins CBS News' Debra Alfarone to discuss a potential car bubble, inflation and rising interest rates and advice for consumers.
Stocks climbed Thursday after the latest Consumer Price Index report showed inflation slowing. But Big Tech companies are still going through a series of layoffs. Insider startups and VC reporter Samantha Stokes joined CBS News to discuss the latest on the economy.
President Biden said aides found more classified documents in at least one other location. CBS News senior White House correspondent Weijia Jiang joined Vladimir Duthiers and Anne-Marie Green to discuss the president's remarks and the latest economic numbers.
With inflation showing signs of cooling down, Americans may yet evade a recession, experts said.
"People are waiting longer because we can't get to them. It's a lack of capacity in every department," said one ambulance worker.
As high inflation elevates the risk of a worldwide recession, the World Bank has lowered its growth forecast for the global economy. Paul Hannon, a reporter for The Wall Street Journal, joined "CBS News Mornings" to discuss.
Central banks should lean on banks to consider environmental risks in lending, climate activists say.
More Americans are carrying credit card debt, which could affect the future of their finances. Ted Rossman, senior industry analyst for Bankrate, joins CBS News with some tips on how to control debt amid high inflation.