Key inflation gauge rose 6.3% in May, unchanged from April
Despite added jobs and higher wages "Americans are running faster just to stay even," said one economist.
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Despite added jobs and higher wages "Americans are running faster just to stay even," said one economist.
Most Texans are having to drive less and cut back on spending.
"The profitability of many industries ... has become negative at the current exchange rate," says minister of economic development.
Fed Chair Jerome Powell is asked if the Fed is done raising interest rates and whether or not he thinks President Trump can fire him; then, the ACLU's surprising new political strategy, modeled in part after the NRA; and, could gene therapy cure sickle cell anemia?
"Confidence is going to continue to shrink as long as inflation remains high," said one analyst.
In separate interviews, President Barack Obama and his challenger, Republican presidential candidate Mitt Romney, discuss the election year's hot button issues. Steve Kroft interviews Obama. Scott Pelley interviews Romney.
CBS News polling finds a majority of Americans disapprove of the Supreme Court's decision to overturn Roe v. Wade. Surveys also find many Americans are pessimistic about the state of the U.S. economy. CBS News executive director of elections and surveys Anthony Salvanto has more.
Supreme Court abortion ruling sparks nationwide protests; Amid inflation concerns, many are stockpiling U.S. currency
Western sanctions have damaged Russia's economy and spurred many foreign companies to exit the country.
Missed the second half of the show? The latest on abortion rights in America, Jan. 6 court hearings with Democratic Rep. Pete Aguilar, and debt crisis with World Bank president David Malpass.
Watch the full version of an interview with David Malpass, president of the World Bank Group, that aired June 26, 2022, on “Face the Nation with Margaret Brennan.”
David Malpass, World Bank Group president, said on "Face the Nation" that there is a debt crisis for developing countries and more are filling into crisis "one by one."
Ukraine's president accuses Russia of genocide; Several states sue Biden admin. for reversing Trump-era measure
This week on "Face the Nation," with the stakes at their highest in the Ukraine-Russia crisis, we speak to all sides of the conflict: Secretary of State Antony Blinken, NATO Secretary General Jens Stoltenberg and both the Russian and the Ukranian ambassadors to the U.S.
This week on "Face the Nation," White House national security adviser Jake Sullivan joins Margaret Brennan to discuss what America's response will be if Russia invades Ukraine, which U.S. officials believe President Vladimir Putin is planning to do. Plus, a conversation with New Jersey Governor Phil Murphy on why blue states are now leading the charge to lift COVID restrictions.
This week on "Face the Nation," we’ll have full coverage of Russia’s invasion of Ukraine and talk to the voices directly involved in the conflict for perspective on what happens next. We're joined by Secretary of State Antony Blinken, Ukrainian Ambassador to the U.S. Oksana Markarova, U.N. High Commissioner for Refugees Filippo Grandi and more.
Most Americans expect a slowdown or a recession in the coming year.
Federal Reserve looking to slow spending amid record inflation; U.S. veterans who fought for Ukraine may have been captured
House Jan 6. committee holding second hearing; New Jersey gas tops $5 for first time
Michigan Gov. Gretchen Whitmer, former White House official Marc Short and more appear on "Face the Nation with Margaret Brennan" this Sunday.
Financial markets are rising, with some analysts predicting an economic slowdown rather than a recession.
That sets in motion a lengthy process that would bring the embattled country closer to the West.
Stocks have slumped in recent weeks amid investor fears that sharply higher interest rates could trigger a recession.
Fed Chairman Jerome Powell acknowledged recession is possible but later said its likelihood is not "particularly elevated right now."
A majority of nursing homes are facing severe staffing shortages, according to a recent survey, putting the nation's elderly at risk. Mark Strassmann has more.