Consumer confidence falls to 12-year low as Americans fret over economy
Consumer confidence continues to wane as Americans worry about the economy, jobs and their income.
Economy
Consumer confidence drops for fourth month
A new report says consumer confidence in the economy has dropped for the fourth month in a row and cites as two key reasons, persistent inflation and the threat of tariffs. Jo Ling Kent explains.
Trump threatens Venezuelan oil importers
President Trump said the U.S. will place a 25% tariff on imports from all countries that buy oil or gas from Venezuela. According to Rystad Energy, a research and consulting firm, China and the U.S. have been the top buyers of Venezuelan oil in recent months. CBS News contributor Javier David has more on what this means.
Florida's decimated orange groves face new threats
Climate change, along with hurricanes, citrus disease and changing consumer tastes, are taking a toll on Florida's orange growers. Mark Strassmann reports.
Trump secures pay hike for wildland firefighters as DOGE cuts staff
Wildland firefighters will keep a 4-year-old pay hike under a GOP-led spending bill signed by President Donald Trump.
Red Lobster seeks to adjust to a changing economy
Red Lobster CEO Damola Adamolekun took over last September, shortly after the chain closed many locations and filed for bankruptcy.
The challenges facing casual dining restaurants
Red Lobster is among more than a dozen casual dining chains that filed for bankruptcy in 2024. Now, its new CEO is attempting to reinvigorate and reinvent it in a challenging economic climate. Elise Preston reports.
Trump teases possible Xi Jinping visit
President Trump says his Chinese counterpart will visit Washington, D.C., in the "not so distant future." Jennifer Welch, chief geoeconomics analyst at Bloomberg, and Ravi Agrawal, editor-in-chief of Foreign Policy magazine, join "America Decides" to discuss what that visit could mean amid brewing trade tensions.
Fed Chair on consumer sentiment
As expected, the Federal Reserve has held interest rates steady, while indicating that cuts are likely later this year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Fed leaves rates unchanged, outlook uncertain
The Federal Reserve chose not to lower interest rates Wednesday, as Chair Jerome Powell admitted the economic outlook was uncertain. He indicated that even though inflation was expected to inch up in response to President Trump's tariffs, the Fed is still forecasting two rate cuts this year. Kelly O'Grady explains.
Powell paints picture of economic uncertainty
The Federal Reserve left interest rates unchanged Wednesday as uncertainty about the U.S. economy grows. CBS News MoneyWatch correspondent Kelly O'Grady unpacks Fed Chair Jerome Powell's comments on the decision. Then, Donna Ginther, distinguished professor of economics at the University of Kansas, joins with analysis.
Michigan voters share regrets of voting Trump
In a focus group conducted by Axios in Michigan, some battleground state voters expressed second thoughts about supporting President Trump in the 2024 election. Political strategists Meghan Hays and Maura Gillespie join "America Decides" with analysis.
Powell: Tariffs may delay inflation progress
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, with Chair Jerome Powell saying "further progress may be delayed" on bringing down inflation because of President Trump's tariffs. CBS News business analyst Jill Schlesinger has more.
Previewing the Fed's interest rate decision
The Federal Reserve will announce its latest interest rate decision Wednesday afternoon. CBS News MoneyWatch correspondent Kelly O'Grady reports on what to expect.
Fed expected to keep interest rates the same
The Federal Reserve will meet Wednesday to make its second interest rate decision of the year with economists predicting rates will be held steady. CBS News business analyst Jill Schlesinger has more.
How economists spot recessions, stagflation
Preliminary data from the University of Michigan shows that consumer sentiment, or how people feel about the economy, declined for a second straight month. It all comes as January saw a decline in spending which has some economists warning that the U.S. could face a possible recession. CBS News MoneyWatch correspondent Kelly O'Grady has more on recession risk signs.
Trump firmly stands by April 2 tariffs pledge
Despite the stock market's recent instability, President Trump is standing firm on his promise of implementing reciprocal tariffs in early April. Washington Post opinions columnist Heather Long joins "America Decides" to examine how the tariffs are creating anxiety about a recession.
Stock market kicks off week in the green
The Dow Jones regained some ground Monday after President Trump's tariffs put markets in a tailspin last week. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what happened on Wall Street.
Wall Street looks to rebound after rough week
Wall Street is looking to bounce back this week after the Dow posted its biggest one-week loss since 2023. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Data shows drop in U.S. consumer sentiment
A new University of Michigan survey shows consumer sentiment in the U.S. has dropped significantly amid uncertainty about the economy. CBS News MoneyWatch correspondent Kelly O'Grady reports.
U.S. business owners respond to tariff war
President Trump on Thursday threatened to put a 200% tariff on European alcohol if the European Union puts a 50% import tax on American whisky in retaliation for his tariffs on steel and aluminum. Kelly O'Grady examines the latest on the trade war.
Trump tariff threat's impact on economy
President Trump is threatening to put new tariffs on European alcohol. Meanwhile, Commerce Secretary Howard Lutnick held talks with Canada's finance minister and Ontario's premiere on the tariff back-and-forth between the U.S. and its northern neighbor. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Bessent "not concerned" about market tumble
Treasury Secretary Scott Bessent is trying to reassure the public about the state of the economy amid recent market struggles following President Trump's tariff threats. David Wessel, Brookings senior fellow in economic studies, and Sarah McGregor, Bloomberg News national desk managing editor, join CBS News with analysis.
Trump meets with NATO chief amid Russia talks
President Trump sat down with NATO Secretary General Mark Rutte on Thursday as the U.S. pushes for a ceasefire between Ukraine and Russia. While Russian President Vladimir Putin backed a deal in principle, he said he has "reservations." CBS News' Nancy Cordes and Margaret Brennan have the latest.
IRS chief counsel demoted and replaced with DOGE ally
IRS' top lawyer replaced amid DOGE's alleged push to share taxpayer info with other federal agencies.
Israeli election exit polls show race headed toward stalemate
Investigation
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Grand jury won't indict Cassidy Hutchinson over Jan. 6 testimony
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