El-Erian faults Fed for failure to curb inflation
Mohamed El-Erian, chief economic adviser for Allianz, says the "characterization of inflation as transitory is probably the worst inflation call in the history of the Federal Reserve."
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Mohamed El-Erian, chief economic adviser for Allianz, says the "characterization of inflation as transitory is probably the worst inflation call in the history of the Federal Reserve."
In a 59-35 vote, the Senate passed a measure allowing for a one-time exemption to the filibuster so Democrats can raise the debt limit without Republican votes. Treasury Secretary Janet Yellen has warned the nation could enter default if the borrowing limit is not raised by December 15. CBS News reporter Sarah Ewall-Wice joins CBSN's Lana Zak to explain the process ahead.
Americans are still quitting at high rates, although fewer people handed in their resignations in October.
Inequality during the pandemic has swelled to the highest level in over a century, new economic data show.
The U.S. added just 210,000 new jobs in November, a figure well below economists' prediction of 550,000. But in a sign of improvement, the unemployment rate fell to 4.2%. CBS News senior White House correspondent Weijia Jiang joins CBSN's Lana Zak with reaction from the White House.
The November jobs report fell far short of expectations. Weijia Jiang has reaction from the White House.
Despite some concerns about the Omicron variants impact on an already fragile stock market, President Biden said he's not at all worried about the possible fall. Weijia Jiang reports.
The Department of Labor said the economy added only 210,000 jobs last month while the unemployment rate fell to 4.2%. Bankrate senior economic analyst Mark Hamrick joins CBSN's Anne-Marie Greene to discuss the numbers.
Americans push to reopen states as U.S. coronavirus death toll rises; U.S.-Canada border closure leaves families separated amid coronavirus pandemic.
More than 20 million Americans lost their jobs in April as unemployment rate climbs up 15%; Restaurants struggle to survive amid coronavirus pandemic.
U.S. coronavirus deaths surpass 8,000 while hospitals struggle to treat patients; Authorities seaching for two members of the Kennedy family
Most Americans concerned states will reopen too soon; WWII veteran raises millions for UK National Health Service
Many states begin reopening as coronavirus cases continue to climb; New Orleans tries to keep the music going during pandemic
U.S. COVID-19 death toll nears 100,000 as millions celebrate Memorial Day; Teacher infected with coronavirus continues her remote class.
SpaceX sends first team of astronauts to space; National Museum of the United States Army opens in Virginia
SpaceX capsule brings 2 NASA astronauts back to Earth; Opera breathes new life into the Circus Maximus amid coronavirus pandemic.
Millions of Thanksgiving travelers returning home amid COVID-19 surge; Americans begin early Christmas decorating after rough year
COVID vaccine delivery begins in the U.S. as cases surge; 13-year-old battling rare cancer goes viral
Some of the least affordable housing markets in the U.S. are not what you'd expect. Mark Strassmann takes a look at the housing boom in Boise, Idaho.
The FBI will analyze pilot Zaharie Ahmad Shah's home flight simulator in hopes of recovering computer files that were erased about a month before the ill-fated Malaysia Airlines flight; and, Starbucks CEO Howard Schultz tells Scott Pelley he fears that with the wind-down of the war in Afghanistan, some Americans may forget too quickly about the needs of the troops who served.
Authorities in South Korea are investigating whether the ferry's captain may have been the first off the sinking ship, while survivors say evacuation orders were delayed; and, three people were killed and 13 injured in eastern Ukraine as pro-Russian separatists fought with Ukrainian national guard troops outside their base in Mariupol.
The Dow and S&P are hitting all-time highs, but one veteran trader says the pace is making him nervous and that the market is not a reflection of the economy. Anthony Mason reports on whether the surge is a bubble; and, President Barack Obama awarded the Medal of Honor to Army Sgt. Kyle White for risking his life in Afghanistan to save fellow soldiers
Investigators believe the hack of the Democratic National Convention began in July 2015, more than a year before the election; Alan Thicke, known for starring as Dr. Jason Seaver in the family sitcom "Growing Pains," died Tuesday at 69
6.6 million Americans filed for unemployment, setting new record; Child donates vital medical gear to hospital in Virginia
NYC hospitals near capacity as virus cases climb; Finding love during the coronavirus outbreak
Lindsey Vonn came out of retirement to compete in the 2026 Milano Cortina Winter Games.
Savannah Guthrie released a new video on Saturday, saying her family is willing to pay for the safe return of their mother.
Nexstar's acquisition of Tegna would bring together two companies with significant holdings in local broadcast media.
Here's how much Bad Bunny is expected to earn from his halftime performance at Super Bowl LX.
Breezy Johnson took the lead early on after flying down the mountain in 1:36.10. It is her first-ever Olympic medal.
The footage is included in a video that promotes false claims that the 2020 presidential election was rigged against Mr. Trump.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Will Lewis, CEO and publisher of the Washington Post, has resigned just three days after the storied newspaper laid off about one-third of its staff.
Former House Speaker Nancy Pelosi plans to endorse Jack Schlossberg, John F. Kennedy's grandson, a source familiar confirmed to CBS News.
As the Seahawks prepare to face the Patriots in the 2026 Super Bowl, here's what to know about Seattle's past appearances, wins and losses.
The New England Patriots are back in the Super Bowl once again in 2026, hoping to add another ring to their list of wins. Here's a look back at their appearances, losses, how many they've won, and more.
Not sure where to watch the 2026 Super Bowl live? There are multiple ways to watch the game for free today. Here's how.
Here's how much Bad Bunny is expected to earn from his halftime performance at Super Bowl LX.
Connor Hilton, 17, said that after taking Accutane, a prescribed acne medication, he began to have suicidal and homicidal thoughts – thoughts that, his defense argued, led him to shoot two friends in the head at his Friendswood, Texas, home. Prosecutors weren't convinced.
Here's how much Bad Bunny is expected to earn from his halftime performance at Super Bowl LX.
Will Lewis, CEO and publisher of the Washington Post, has resigned just three days after the storied newspaper laid off about one-third of its staff.
Nexstar's acquisition of Tegna would bring together two companies with significant holdings in local broadcast media.
Though the commerce secretary has called his interactions with Epstein as "limited," the two were in business together four years after Epstein's 2008 guilty plea.
Resurgent technology stocks drove the rebound after a volatile week, while bitcoin also recouped losses.
Former House Speaker Nancy Pelosi plans to endorse Jack Schlossberg, John F. Kennedy's grandson, a source familiar confirmed to CBS News.
Nexstar's acquisition of Tegna would bring together two companies with significant holdings in local broadcast media.
Skier Chris Lillis said he was "heartbroken about what's happened in the United States," while skater Amber Glenn said she "will not just be quiet."
If the June deadline is not met, the Trump administration will likely put pressure on both sides to meet it, Zelenskyy told reporters.
A federal appeals court on Friday endorsed the Trump administration's policy of holding broad groups of immigration detainees without access to bond hearings, a major legal victory for President Trump.
Becca Valle, then 37, enrolled in a cutting-edge clinical trial after surgery removed an aggressive tumor from her brain.
More than three dozen cases of death cap mushroom poisonings have been reported in California since November, health officials said.
Here's what to know about TrumpRx, including how it works, who can use it, and how much money it can save.
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
The New Mexico Department of Health said officials believe the baby contracted listeria after their mother drank raw milk during pregnancy.
Breezy Johnson took the lead early on after flying down the mountain in 1:36.10. It is her first-ever Olympic medal.
Lindsey Vonn, who came out of retirement to compete in the 2026 Milano Cortina Winter Games, was airlifted off the mountain.
The U.S. ended Saturday in first place with 44 points. Japan was five points back going into the men's, women's and pairs free skates to decide the medals Sunday.
The U.S. women's hockey team eased to a 5-0 win over Finland on Saturday afternoon.
Francesca Lollobrigida set a new Olympic record of 3 minutes, 54.28 seconds, shaving more than two-and-a-half seconds off the mark set by Dutch legend Irene Schouten four years earlier in Beijing.
Reactions poured in when Bad Bunny was named Super Bowl halftime headliner, with some praising and others criticizing the choice.
Charlie Puth has called the national anthem "one of the most beautiful pieces of music." But he's also described it as "the hardest to sing."
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny is set to take the stage at halftime for the 2026 Super Bowl. Here's who else is performing at Super Bowl 60.
Lead singer and frontman Dee Snider said he suffers from degenerative arthritis and has had several surgeries over the years.
The FAA says it is collaborating with the FBI to detect, track and assess unauthorized drone activity at the Super Bowl.
Gamers across the world can now recreate drone strikes in Ukraine from the comfort of their own home, with this newly released game.
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.
CBS News business analyst Jill Schlesinger talks about how companies are using artificial intelligence, the discussion around the technology and how it's impacting the workforce.
Executives from Waymo and Tesla defended their self-driving vehicle technology in testimony before the Senate Commerce Committee on Wednesday. CBS News' Kris Van Cleave reports and Ian Krietzberg, an AI correspondent at the digital media company Puck, has more.
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
"Sunday Morning" looks back at historical events on this date.
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Connor Hilton, 17, said that after taking Accutane, a prescribed acne medication, he began to have suicidal and homicidal thoughts – thoughts that, his defense argued, led him to shoot two friends in the head at his Friendswood, Texas, home. Prosecutors weren't convinced.
Authorities said Friday they were inspecting an apparent new message relating to the disappearance of "Today" host Savannah Guthrie's mom, Nancy, after the family reported her missing from her home on Sunday.
Luigi Mangione had an outburst after a hearing on Friday in which the judge announced that his New York State trial will begin on June 8. CBS News legal reporter Katrina Kaufman is following the case.
Local and federal authorities said "investigators are actively inspecting the information provided in the message for its authenticity" regarding the disappearance of Nancy Guthrie.
Friday marked six days since Nancy Guthrie's apparent abduction, and Guthrie's three children have been posting on social media hoping to reach whoever may have taken her. CBS News' Andres Gutierrez reports and former FBI counterintelligence operative Eric O'Neill has more.
NASA's first crewed moon mission in more than 50 years has been delayed until March at the earliest. During a routine dress rehearsal of the launch, persistent liquid hydrogen leaks were discovered in the Artemis II rocket. CBS News space consultant Bill Harwood breaks it down.
NASA plans to test the planned leak repair with a second dress rehearsal fueling test later this month.
NASA delayed the Artemis II moon rocket launch after a hydrogen leak was found during a wet dress rehearsal, the agency announced Tuesday. CBS News senior space consultant Bill Harwood has the latest.
A NASA mission is underway to map the heliosphere, which is a huge protective bubble around the solar system that was created by the sun.
NASA says it can't try until March at the earliest to send a crewed spacecraft on a flight around the moon and back, due to hydrogen leaks during testing of the Artemis II rocket.
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.
A Texas teenager shoots two of his friends. He says a popular acne medication made him do it. "48 Hours" correspondent Tracy Smith reports.
Ice hockey forward Hilary Knight showed the world why she's one of the greatest players ever. With her 14th goal, the captain of Team USA moved into a tie for the most goals scored by a U.S. Women's hockey player at the Winter Olympics. Andres Gutierrez reports on her career and her last Olympic run.
The countdown is on for the big game between the Seattle Seahawks and the New England Patriots. Kris Van Kleave is outside what's been called the Field of Jeans.
Saturday marked the first full day of the Olympic Winter Games in Italy. Switzerland took the first gold medal in men's downhill skiing. In all, five medal events were held, but no gold yet for Team USA. Seth Doane has the latest details from Cortina, Italy.
The political fallout in Britain following the latest Epstein documents release became so intense that on Saturday, there were growing calls for the U.K.'s prime minister to step down.