Shutdown impact on the economy
CBS News business analyst Jill Schlesinger breaks down how the government shutdown could affect the economy and your personal finances.
Economy
Economic impact of government shutdown
The U.S. government began shutting down at midnight on Oct. 1 after Congress failed to reach a deal that would extend funding. CBS News' Nikole Killion and Nancy Cordes have the latest, while MoneyWatch correspondent Kelly O'Grady has more details on how a shutdown could impact the economy.
History and impact of government shutdowns
The U.S. government has just hours before it runs out of funding and shuts down. While down-to-the-wire government funding negotiations are not unusual, an actual shutdown is less common. CBS News explores the history, Kelly O'Grady has the economic impact and Kris Van Cleave reports on the travel implications.
Potential impact of shutdown on U.S. economy
Government shutdowns can be politically paralyzing for Washington, D.C., but this time it could send shockwaves through the U.S. economy. CBS News MoneyWatch correspondent Kelly O'Grady explains.
Coffee chain grapples with tariffs as java prices boil over
"The last thing we want to do is just keep raising prices on our guests," Gregory's Coffee founder Gregory Zamfotis said. That might be easier said than done.
What's behind the coffee price hike?
The price of a pound of coffee has surged 40% in the last year. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what to know.
Inflation held steady in August, in line with economist forecasts
Inflation has eased since peaking in 2022, but remains above the Fed's 2% annual target
GDP revision finds growth at 3.8% pace
The U.S. government has reported its final second-quarter revision, which found that the U.S. gross domestic product grew at a strong 3.8% pace. The Director of the National Economic Council, Kevin Hassett, joins "The Takeout" to discuss.
New economic data on jobless claims, housing
News on American jobless claims and interest rates are painting a more positive picture for the U.S. economy. CBS News' Kelly O'Grady has more on the latest economic data.
How robots are being used for deliveries to prepare for the holiday retail rush
When you buy online, a robot could be helping to fill your order. A behind-the-scenes look at an Amazon fulfillment center shows how they impact jobs.
GDP expanded at a surprising 3.8% pace in second-quarter revision
The U.S. economy's 3.8% growth from April through June represents a significant upgrade of the government's previous estimate.
What's behind the increase in new home sales?
The government on Wednesday said seasonally adjusted new home sales in August jumped by 20% from the previous month, which was a bigger increase than expected and marks a three year high. CBS News business analyst Jill Schlesinger explains what this means for the housing market.
New home sales hit 3-year high
Data shows sales of newly-built homes have jumped to the highest level in three years. CBS News MoneyWatch correspondent Kelly O'Grady explains what's driving the jump.
Millions could soon see food stamp cuts as grocery costs are on the rise
The Republicans' "big, beautiful" spending and tax law will result in cuts to food stamp benefits for many Americans, experts say.
Tariffs may impact U.S. in 2026, OECD warns
President Trump's sweeping global tariffs could impact the U.S. economy hard in 2026, the Organisation for Economic Co-operation and Development warns. Paul Hannon, an economics editor for The Wall Street Journal, breaks it down.
Cohn on "job market degrade"
As Federal Reserve chairman Jerome Powell said the U.S. economy is "cooling off," IBM vice chairman Gary Cohn, who served as director of the White House economic council in the first Trump administration, tells "Face the Nation with Margaret Brennan" that "it may be temporary …. But the reality is we have seen the job market degrade."
SEC chair eyes major rule change
The chairman of the Securities and Exchange Commission is weighing a major rule change for public companies. This week, on social media, President Trump said companies should not report earnings quarterly, but instead, just twice a year. SEC Chairman Paul Atkins told CNBC that he welcomes that idea. Wall Street Journal financial reporter Corrie Driebusch joins CBS News to discuss.
Rising grocery prices could lead to shrinkflation, food industry analyst says
Overall grocery prices in August 2025 rose 2.7% compared to one year ago, according to the U.S. Bureau of Labor Statistics Consumer Price Index.
L.A. cookie shop owner sees profits crumble
Lara Adekoya says her Los Angeles bakery is now paying $50 to $100 more per bag for premium ingredients imported from countries around the world due to President Trump's tariffs. Elise Preston reports.
United CEO Scott Kirby on the state of the economy
For airlines, the first half of the year was riddled with uncertainty as they saw bookings falter. But United Airlines remained profitable. Kris Van Cleave spoke to CEO Scott Kirby about the state of the economy.
Fed signals two more rate cuts in 2025
The Federal Reserve lowered interest rates by 0.25 percentage points on Wednesday, marking the first cut of 2025. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Fed lowers interest rates by 0.25 percentage points in first cut since 2024
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
Fed to announce interest rate decision
The Federal Reserve is set to announce its latest interest rate decision as economists expect the first cut since 2024. CBS News MoneyWatch correspondent Kelly O'Grady has more on what to expect.
Will the Fed cut rates today? These charts may determine its decision.
With the U.S. economy facing headwinds, the Federal Reserve faces pressure to trim interest rates this week for the first time since December 2024.
Recent grads face tougher odds in the job market
Graduates are entering a turbulent economy, with more competition for entry-level positions.
Missing U.S. crew member from downed fighter jet rescued in Iran, Trump says
A U.S. crew member who went missing when an F-15E fighter jet was shot down over a remote area of Iran has been rescued by U.S. forces.
Live
Trump demands Iran reopen Strait of Hormuz as missing U.S. crew member rescued
A senior Iranian military official rejected President Trump's ultimatum, calling it "a helpless, nervous, unbalanced and stupid action."
Despite toilet trouble, Artemis II crew reflects on wonder of deep space experience
Amid ongoing toilet trouble, the Artemis II astronauts reflected on the wonder of sailing through deep space to the moon.
Family of Iran military leader Soleimani has U.S. residence visas revoked
Hamideh Soleimani Afshar and her daughter were granted U.S. asylum in 2019, but the government is now moving to strip them of their green cards.
First on CBS
White House is expected to shake up more leadership roles at DOJ, sources say
The changes were likely to affect Associate Attorney General Stanley Woodward, the No. 3 official at the Justice Department and Harmeet Dhillon, the Assistant Attorney General for the Civil Rights Division.
Ousted Army chief of staff says soldiers deserve "courageous leaders" in email
Defense Secretary Pete Hegseth asked George to step down and take immediate retirement, CBS News exclusively reported earlier this week.
The $100,000 H-1B visa fee is impacting the U.S.'s ability to attract global talent
According to numbers from U.S. Citizenship and Immigration Services, more than 70% of H-1B visa holders in 2024 were Indian.
Trump gives Iran 48-hour deadline to reopen Strait of Hormuz or "Hell will reign down"
The war shows no signs of slowing as Iran responds to airstrikes with attacks across the region.
Driver charged with DWI after vehicle crashes into crowd at Louisiana parade
Officials said the incident does not appear to be an intentional act based on a preliminary investigation.
U.S.
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Missing U.S. crew member from downed fighter jet rescued in Iran, Trump says
A U.S. crew member who went missing when an F-15E fighter jet was shot down over a remote area of Iran has been rescued by U.S. forces.
Robbery reveals sinister plot to kill a man with a root beer float
When Harold Allen died suddenly in his home in Freetown, Indiana, no one suspected anything out of the ordinary. Nine months later, a burglary at his home would lead to a murder investigation and an unusual weapon.
Would Michigan investigators be able to prove murder in a case without a body?
After Dee Warner, a Michigan businesswoman and mother, disappeared from her home, her family believed she has been murdered and suspected her husband Dale Warner. But without physical evidence, they knew it would be hard to prove.
The $100,000 H-1B visa fee is impacting the U.S.'s ability to attract global talent
According to numbers from U.S. Citizenship and Immigration Services, more than 70% of H-1B visa holders in 2024 were Indian.
Driver charged with DWI after vehicle crashes into crowd at Louisiana parade
Officials said the incident does not appear to be an intentional act based on a preliminary investigation.
MoneyWatch
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Sauté pans sold at Costco recalled after metal caps "forcefully eject"
One consumer reported sustaining bruising and burn injuries.
Chicago Fed's Goolsbee says he sees inflation as risk to 2026 rate cuts
Goolsbee, president of the Federal Reserve Bank of Chicago, said mounting inflation risks "complicates the picture" on interest rates.
3 ways the Iran war is hitting Americans' pocketbooks
U.S. consumers are starting to feel the financial impact of the Iran war. Here's how the conflict is seeping into the economy.
3.1 million bottles of eye drops sold at Walgreens, CVS are recalled
The eye drops — sold under multiple brands — have been recalled over concerns about sterility, according to the FDA.
Employers added 178,000 jobs in March, blowing past forecasts
Hiring was much stronger than expected in March, with employers adding roughly three times the number of jobs economists predicted.
Politics
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Missing U.S. crew member from downed fighter jet rescued in Iran, Trump says
A U.S. crew member who went missing when an F-15E fighter jet was shot down over a remote area of Iran has been rescued by U.S. forces.
Family of Iran military leader Soleimani has U.S. residence visas revoked
Hamideh Soleimani Afshar and her daughter were granted U.S. asylum in 2019, but the government is now moving to strip them of their green cards.
Ousted Army chief of staff says soldiers deserve "courageous leaders" in email
Defense Secretary Pete Hegseth asked George to step down and take immediate retirement, CBS News exclusively reported earlier this week.
First on CBS
White House is expected to shake up more leadership roles at DOJ, sources say
The changes were likely to affect Associate Attorney General Stanley Woodward, the No. 3 official at the Justice Department and Harmeet Dhillon, the Assistant Attorney General for the Civil Rights Division.
Trump gives Iran 48-hour deadline to reopen Strait of Hormuz or "Hell will reign down"
The war shows no signs of slowing as Iran responds to airstrikes with attacks across the region.
HealthWatch
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Scientist with rare ALS genetic mutation looks to experimental treatment
Every few months for the past three years, Jeff Vierstra has been receiving infusions in his spine that target and disable a mutated gene that made it likely he would develop ALS.
New ALS treatment brings hope to patients
"CBS Saturday Morning" looks at an experimental treatment for amyotrophic lateral sclerosis, or Lou Gehrig's disease, that is bringing hope to some patients suffering from the neurodegenerative disease. To inquire about possible participation in Silence ALS, an initiative to develop individualized gene-based therapies for patients with other rare genetic forms of ALS, please write to silenceals@cumc.columbia.edu.
He thought he was in good health — until fainting during a bike ride
John Cantrell was enjoying his retirement until an unexpected condition forced him to choose between two kinds of heart surgery.
HHS announces national program to study effect of microplastics on humans
The Environmental Protection Agency also added microplastics to its contaminant candidate list for the first time.
FDA approves Eli Lilly weight loss pill
The FDA approved a new GLP-1 drug from Eli Lilly. Dr. Jon LaPook breaks it down.
World
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Family of Iran military leader Soleimani has U.S. residence visas revoked
Hamideh Soleimani Afshar and her daughter were granted U.S. asylum in 2019, but the government is now moving to strip them of their green cards.
2 men and teen held in U.K. custody over Jewish charity ambulance attack
All men were charged Friday with arson and being reckless as to whether life would be endangered.
Deadly strikes in Ukraine and Russia kill 10, injure dozens
The attacks came as Ukrainian President Volodymyr Zelenskyy traveled to Istanbul for talks with Turkish President Recep Tayyip Erdogan.
Dutch police probe explosion outside a pro-Israel Christian center
The incident comes after a string of similar nighttime attacks across Europe that have heightened concerns over antisemitism.
One dead, dozens injured in crush during rally at Peru soccer stadium
Videos broadcast by local television stations showed a large crowd of fans in the south stands amidst an explosion of fireworks.
Entertainment
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Entertainment
4/4: Saturday Morning
The search continues for a missing American service member after Iran shot down an F-15E fighter jet on Friday. Meanwhile, the Artemis II passed its halfway point to the moon.
Kenan Thompson on his career and parenthood
Kenan Thompson sits down with Kelly O'Grady to reflect on his career and parenthood while discussing his new children's book "Unfunny Bunny."
Drayton Farley performs "It's Called Doubt"
Alabama native Drayton Farley was working at a local auto plant and making bedroom recordings just a few years ago. Now he's being compared to Americana greats like Tyler Childers and Jason Isbell. His new album, "A Heavy Duty Heart," is out now. Here's Drayton Farley performing "It's Called Doubt."
Drayton Farley performs "The Luckier Ones"
Alabama native Drayton Farley was working at a local auto plant and making bedroom recordings just a few years ago. Now he's being compared to Americana greats like Tyler Childers and Jason Isbell. His new album, "A Heavy Duty Heart," is out now. Here's Drayton Farley performing "The Luckier Ones."
Drayton Farley performs "I Need Your Love"
Alabama native Drayton Farley was working at a local auto plant and making bedroom recordings just a few years ago. Now he's being compared to Americana greats like Tyler Childers and Jason Isbell. His new album, "A Heavy Duty Heart," is out now. Here's Drayton Farley performing "I Need Your Love."
Technology
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The $100,000 H-1B visa fee is impacting the U.S.'s ability to attract global talent
According to numbers from U.S. Citizenship and Immigration Services, more than 70% of H-1B visa holders in 2024 were Indian.
New film on risks and rewards of AI
"CBS Mornings" sits down with Tristan Harris, co-founder and president of the Center for Humane Technology, who is featured in the 2026 documentary, "The AI Doc: Or How I Became an Apocaloptimist."
How AI powered robots are helping small farms
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.
Inside Apple's relationship with China
CBS News contributor Patrick McGee joins "The Daily Report" to discuss the codependent relationship between Apple and China, a country that manufactures hundreds of millions of iPhones every year.
Jamie Dimon: JPMorgan could offer prediction market services to investors
The JPMorgan Chase CEO said the bank may one day introduce prediction market features, but said "there's a bunch of stuff we won't do" in that space.
Science
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Artemis II crew begins "crazy first day" in space after exhilarating launch
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
CBS News studio shakes as Artemis II launches
Four astronauts are traveling around the moon on Artemis II, going further from Earth than anyone before. CBS News' Mark Strassmann and Peter King have more.
What Artemis II astronauts will do in space
Former NASA astronaut Clayton Anderson joins CBS News to discuss what the Artemis II astronauts will do as they orbit the Earth after takeoff.
How Artemis II crew will sleep in space
Members of the Artemis II crew will be the first people to sleep inside the Orion spacecraft. CBS News' Kris Van Cleave has more on how they'll do that.
How do astronauts use the bathroom?
The science and technology behind using the restroom in space continues to evolve. CBS News senior transportation correspondent Kris Van Cleave looks at the out-of-this-world facilities available to the Artemis II crew.
Crime
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Robbery reveals sinister plot to kill a man with a root beer float
When Harold Allen died suddenly in his home in Freetown, Indiana, no one suspected anything out of the ordinary. Nine months later, a burglary at his home would lead to a murder investigation and an unusual weapon.
Would Michigan investigators be able to prove murder in a case without a body?
After Dee Warner, a Michigan businesswoman and mother, disappeared from her home, her family believed she has been murdered and suspected her husband Dale Warner. But without physical evidence, they knew it would be hard to prove.
Man arrested at retirement home for wife's murder decades earlier
Janice Randle was found dead in her bed in 1992, but police couldn't make an arrest in the case until new information emerged.
From 1996: FBI arrests suspected Unabomber
On April 3, 1996, the FBI arrested Theodore Kaczynski in the Unabomber case, ending one of the longest and most intense manhunts in U.S. history. Watch CBS News' coverage from that day.
More on Pam Bondi's firing
President Trump's firing of Attorney General Pam Bondi is raising questions about their dynamic in the months prior. CBS News' Weijia Jiang reports.
Space
More Space
Despite toilet trouble, Artemis II crew reflects on wonder of deep space experience
Amid ongoing toilet trouble, the Artemis II astronauts reflected on the wonder of sailing through deep space to the moon.
Moon-bound Artemis II astronauts enjoy a relaxed day in space
The Artemis II astronauts continued their long coast to the moon, capturing stunning photos along the way.
NASA shares first photos of Earth taken by Artemis II
The photo shows the entire planet, as well as the Northern and Southern lights.
Artemis II crew clears Earth orbit, heads for the moon
The engine firing provided a slingshot-like boost to the Orion capsule, speeding it to 24,500 mph, the velocity needed to break free of Earth's gravitational clasp for a trek to the moon.
Artemis II crew begins "crazy first day" in space after exhilarating launch
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Crew member from downed jet rescued from Iran
The second U.S. crew member from the downed F-15E in Iran was rescued by special forces, according to multiple U.S. officials and President Trump. Carissa Lawson anchors this Special Report.
Artemis II astronauts speak on their moon mission
The Artemis II astronauts spoke with CBS News senior national correspondent Mark Strassmann from space as they flew closer to the moon.
100 years of the Harlem Globetrotters
For 100 years, the Harlem Globetrotters have been sharing the game of basketball around the world. Jericka Duncan caught up with them after a century of tricks and laughs.
Analyzing impact of Trump's changes to H-1B visas
For decades, the U.S. has imported highly-skilled tech workers from around the world on H-1B visas. But the Trump administration changed the way they are granted. Shanelle Kaul reports on how that is impacting the pipeline of global talent coming to America.
Artemis II crew speaks with CBS News on mission
The four astronauts on the Artemis II mission have passed the halfway point between the Earth and the moon. Mark Strassmann spoke with the astronauts about the accomplishment.