Liz Truss resigning as U.K. prime minister
Truss faced a fast-mounting rebellion just weeks into her tenure, with a senior member of her own party declaring he'd "had enough of talentless people."
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Truss faced a fast-mounting rebellion just weeks into her tenure, with a senior member of her own party declaring he'd "had enough of talentless people."
Some housing analysts expect interest rates for conventional home loans to hit double digits by early next year.
The Internal Revenue Service has announced several adjustments to account for the impact of inflation. These include higher federal income tax brackets and standard deductions for the year 2023. CBS News MoneyWatch associate managing editor Aimee Picchi joins the show to break down these forthcoming changes and more.
President Biden announced he will release 15 million barrels from strategic reserves in an attempt to lower gas prices ahead of the midterms. Weijia Jiang reports.
President Biden announced the release of 15 million barrels of oil from the U.S. strategic reserve as part of a response to recent production cuts announced by OPEC+ nations.
Congress votes to raise debt ceiling by $2.5 trillion; Tennessee couple killed in alleged murder-for-hire plot
Economists think the record inflation could prompt England's central bank to hike its primary interest rate by as much as a full percentage point this fall.
The U.S. Army Corps of Engineers is constructing a 1,500-foot-wide underwater levee in the Mississippi River to prevent saltwater from threatening drinking water. Officials say record low water levels and flow rates are allowing saltwater from the Gulf of Mexico to push upriver. Cameron McWhirter, a reporter for The Wall Street Journal who has covered the issue, joined CBS News to discuss what's behind it and how it impacts the U.S. economy.
Senate candidates Democrat Rep. Tim Ryan and Republican J.D. Vance faced off Monday night in their second debate, clashing over the economy, immigration and abortion ahead of November’s midterm election for the pivotal Ohio Senate seat. CBS News chief election and campaign correspondent Robert Costa reports from Youngstown, Ohio.
A red-hot jobs market may be losing its sizzle as the holidays approach. Nancy Chen has a look at how the current labor market is affecting the holiday season.
Corporate earnings are holding up despite recession fears, cheering investors. But some analysts urge caution.
Visit CBSDeals.com or text CBS to 65000 to take advantage of this week's exclusive deals.
The prime minister's 6-week tenure has been defined by self-inflicted chaos, but with her party divided, it's unclear where Britain goes from here.
According to recent CBS News polling, some voters blame Democratic policies and the Biden administration for inflation and the state of the U.S. economy. CBS News senior White House correspondent Weijia Jiang explains how the administration is working to flip the script with only 22 days left until the midterm elections.
U.S. Senate and gubernatorial candidates in Ohio, Georgia and Utah are set to face off in debates Monday night. CBS News political director Fin Gomez joined Anne-Marie Green and Vladimir Duthiers with a look at the hot-button issues the candidates could address.
The latest CBS News Battleground Tracker polling shows Republicans are holding onto their advantage in the race to control the House of Representatives. CBS News executive director of elections and surveys Anthony Salvanto joined Anne-Marie Green and Vladimir Duthiers with a look at what's behind this trend.
Adjustable-rate mortgages are seeing higher demand after years of little interest from borrowers. Unlike fixed-rate mortgages, interest rates for these home loans adjust over time based on the market. Aarthi Swaminathan, a real estate reporter for MarketWatch, discusses this trend on CBS News.
University of Michigan professor Betsey Stevenson, the former top economist at the U.S. Department of Labor, said the 6.6% core inflation rate is what really worries economists. "That's the stuff that's hard to come down," she told "Face the Nation."
Inflation is sticking around, driving up food, rent and other costs. These money moves can help you fight back.
A new CBS News Battleground Tracker poll found that the Republican party is still favored to take the House. Debra Alfarone reports.
Transportation Secretary Pete Buttigieg said on "Face the Nation" on Sunday that the Biden administration's "top economic priority is fighting inflation." He defended the administration's economic policies, saying "if anybody's asking, 'was it a good idea to rescue the American economy? The answer's yes.'"
Missed the second half of the show? The latest on the trial of Oath Keepers' founder Stewart Rhodes' seditious conspiracy begins; how Donald Trump's influence is playing out in 2022 midterm races; Russia launches deadly strikes in Ukraine after battlefield setbacks; and El-Erian on "unsettling volatility" in the market.
The Transportation Secretary addressed voters' concerns about rising inflation and government spending on "Face the Nation."
Experts say public confidence in United Kingdom Prime Minister Liz Truss is steadily falling after she reversed course on her proposed tax reforms. Ian Lee has the latest.
"I wasn't the only one that thought it was a mistake. I disagree with the policy, but that's up to Great Britain."