2/3: Red and Blue
President Biden pushes ahead with COVID economic relief plan; Obama presidential library to begin construction
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President Biden pushes ahead with COVID economic relief plan; Obama presidential library to begin construction
Senators swear in for Trump's impeachment trial; Working to put Harriet Tubman on the $20 bill
Britain's new government announced sweeping tax cuts it said would be funded by borrowing.
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
The U.S. housing market slowed in August for the seventh consecutive month this year. CBS News speaks with George Ratiu, the manager of economic research at realtor.com, about what's driving the downturn in home sales.
The Federal Reserve raised interest rates again by three-quarters of a percentage point. Lori Bettinger, the president of BancAlliance and former director of the U.S. Treasury Department's troubled asset relief program, explains what the latest increases mean for consumers.
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Walmart and Target plan to begin offering deals earlier this year to ease sting of soaring inflation on shoppers.
Stocks fell sharply Wednesday when the Federal Reserve announced it was raising interest rates again another 75 basis points. Liz Young, head of investment strategy at SoFi, joined CBS News to discuss what the Fed's announcement means for the future of the U.S. economy.
Prices for meat, poultry, fish, eggs and dairy products increased at a higher rate at discount stores than many other grocery stores -- a sign that inflation is hitting people who can least afford the price increases the hardest. Carter Evans takes a look.
The Federal Reserve raised its benchmark interest rate by 0.75 percentage point as it tries to slow spending to lower inflation without pushing the economy into a recession.
Fed raised key interest rate by three-quarters of a percentage point and signaled it plans to keep rates higher longer.
The $1.6 billion in direct deposits "will provide much needed relief as we head into winter," Governor Mike Dunleavy said.
With the midterm elections just weeks away, the economy and abortion have emerged as key issues on the minds of voters. Democratic Rep. Cheri Bustos of Illinois, a former chair of the Democratic Congressional Campaign Committee, joined "Red and Blue" to discuss the midterms.
The Supreme Court declined to block Indiana University's requirement for students to be vaccinated. Justices also struck down part of New York's statewide halt on evictions. CBS News legal contributor and Loyola Law School professor Jessica Levinson spoke to CBSN's Tanya Rivero about the impact of the decisions.
The United Nations General Assembly is bringing together world leaders in person for the first time since the start of the pandemic. The event comes at a time of immense global challenges, including the war in Ukraine, economic uncertainty and concerns about climate change. CBS News correspondent Pamela Falk joins us with more.
Value of U.S. dollar has been on a more-than-a-year-long tear that many experts don't see ending anytime soon.
But "markets have good reason to be braced for headwinds," one analyst said of expectations Fed will hike rates this week.
CBS News senior national correspondent Mark Strassmann reports from Los Angeles on fears that inflation may be much more entrenched and sticky than previously thought.
Lawsuit claims the retail giant forces sellers to keep their prices high in order to use its platform.
The Federal Reserve announced it is raising its benchmark interest rate by three-quarters of a percentage point, the sharpest hike since 1994, as it seeks to combat the biggest surge in U.S. inflation in four decades. CBS News senior White House and political correspondent Ed O'Keefe and Stephen Gandel, news editor for The New York Times' DealBook, join CBS News to discuss the implications of the decision.
Democrats see Pennsylvania as a crucial battleground as they fight to hold on to their congressional majorities. But economic headwinds are a challenge. Robert Costa has the latest.
Investors on Wall Street are pessimistic on inflation after August's Consumer Price Index report showed prices rising. CBS News chief White House correspondent Nancy Cordes spoke with Treasury Secretary Janet Yellen about the state of the economy and the impact of a potential rail strike.
"A sustained rally is likely to require clear evidence that inflation is on a downward trend," a UBS analyst said.
Stocks dropped after the latest Consumer Price Index report showed U.S. inflation remains high. The Dow tumbled nearly 1,300 points Tuesday for the worst day since June 2020. Wall Street Journal reporter Dion Rabouin joins CBS News to discuss the market reaction.