Mortgage rates are nearing 7%. One house hunter says he's "despondent."
"It seems like we're trying to climb out of a hole somebody else is digging," said one frustrated house hunter as homeownership costs rise.
Federal Reserve
What the Fed's rate hike reveals about Warsh, Trump and inflation
The Fed's first rate hike in more than three years underscores the challenge of taming inflation as the Iran war drags on.
Impact of the Fed's interest rate increase
CBS News business analyst Jill Schlesinger explains how the Federal Reserve's interest rate hike for the first time since 2023 could impact Americans.
Trump: Interest rates are "artificially high"
President Trump lashed out at the Federal Reserve after the central bank voted to raise interest rates by 0.25 percentage points. CBS News' Aaron Navarro has more.
Farmer unhappy with Trump amid high prices
The Federal Reserve raised interest rates by 0.25 percentage points, defying President Trump's push to cut them. This comes as the Iran war drives up oil prices and inflation remains high. CBS News' Weijia Jiang reports.
Trump blasts Fed over interest rates
The Federal Reserve raised interest rates by 0.25 percentage points on Wednesday, the first hike since 2023. President Trump slammed the central bank, saying U.S. interest rates should be "1% or less." Weijia Jiang reports.
Trump lashes out at Fed after rate hike
The Federal Reserve raised interest rates by a quarter of a percentage point. President Trump slammed the decision. CBS News' Aaron Navarro reports, and Fintech.TV anchor Kristin Myers also joins to discuss.
Federal Reserve raises interest rates for the first time since 2023
The Fed increased its benchmark rate by 0.25 percentage points to battle resurgent inflation driven by soaring energy prices.
Fed raises interest rates amid rising prices
The Federal Reserve raised interest rates for the first time in three years on Wednesday, a sign of concern about rising prices. Meanwhile, the cost of diesel fuel hit a new record on Wednesday, for the eighth day in a row. Nancy Cordes reports on rising prices and Kelly O'Grady has more details on the Fed's decision.
White House reacts to Fed interest rate hike
The Federal Reserve boosted interest rates for the first time since July 2023 on Wednesday. CBS News' Richard Escobedo and Natalie Brand have the details.
Why the Fed hiked rates this month
The Federal Reserve changed course and raised interest rates Wednesday for the first time since 2023. The rate hike will be an increase of 0.25 percentage points, bringing its target range to between 3.75% and 4%. Greg Robb, MarketWatch senior reporter and economics editor, joins CBS News with more.
Examining Fed's reasons for raising rates
The Federal Reserve on Wednesday raised interest rates by one-quarter of a percentage point in its first rate increase since 2023. CBS News' Kelly O'Grady and Nancy Cordes report.
9/16: The Takeout with Major Garrett
Federal Reserve unanimously votes to raise interest rates; President Trump stumping for GOP Senate nominee Michael Whatley in North Carolina.
Dow tumbles after first rate hike since 2023
The Dow Jones closed down around 1.2% on Wednesday after the Federal Reserve announced its first interest rate increase since July 2023. CBS News' Kelly O'Grady and Aaron Navarro report.
Watch: Fed chair Kevin Warsh takes questions
Federal Reserve chair Kevin Warsh spoke to reporters Wednesday after interest rates were raised by 0.25 percentage points, the first raise since 2023.
Interest rates raised by 0.25 percentage points
The Federal Reserve voted unanimously Wednesday to raise interest rates by 0.25 percentage points in the first hike since July 2023. CBS News' Kelly O'Grady reports and Jim Baird, CFO for Plante Moran Financial Advisors, joins with analysis.
Fed rate hike expected on Wednesday. See what it means for your money.
The Federal Reserve is likely to raise borrowing costs on Wednesday, and more hikes could be in store, according to economists.
Previewing Fed's interest rate decision
The Federal Reserve is expected to raise interest rates for the first time in three years on Wednesday. CBS News business contributor Javier David explains more.
Stocks dive ahead of expected Fed rate hike
Stocks stayed in the red on Tuesday ahead of the Federal Reserve's interest rate decision on Wednesday. CBS News contributor Javier David has a preview of the meeting.
Fed rate hike likelihood jumps to nearly 90% after hotter CPI report
Investors believe the Fed will raise borrowing costs as it works to tame inflation, which has risen a full percentage point since the Iran war started.
CPI rose at 3.4% pace in August, raising odds of Fed rate hike this month
The report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.
Oil hovers above $100 a barrel
Oil prices continue to climb as the U.S. and Iran trade strikes. CBS News' Kelly O'Grady reports on the key inflation indicators expected next.
Unpacking August jobs report
U.S. employers added 162,000 jobs in August, more than double economists' forecasts. CBS News business producer Emily Pandise has more.
August jobs report shows U.S. added 162,000 jobs, blowing past forecasts
Strong hiring last month was driven by gains in education and in leisure and hospitality, with the nation's jobless rate remaining steady at 4.1%.
Ex-Trump adviser gives economy a B grade
As the midterms draw closer, mortgage rates have hit a new high for 2026, and gas prices are above $4 per gallon. Former Trump economic adviser Stephen Moore joins "The Takeout" to assess the state of the U.S. economy.
In U.N. speech, Trump threatens to "annihilate" Iran and defends foreign policy
President Trump said he could "annihilate" Iran while predicting that Tehran would make a deal to end the war after the U.S. midterm elections.
Exclusive
5 moments from Patrick Clancy's 60 Minutes interview
Patrick Clancy sat down with 60 Minutes in New York City for a lengthy conversation about his ex-wife Lindsay Clancy's struggles with mental health, his grief and the social media frenzy surrounding him.
Exclusive
U.S. to welcome up to 17,500 more White South Africans as refugees
The Trump administration is planning to welcome up to 17,500 additional White Afrikaners from South Africa as refugees over the next 12 months, according to a notice sent to Congress.
Supreme Court stays out of custody dispute between California couple and surrogate
Justice Elena Kagan declined a request from a surrogate to intervene in a custody dispute with a California couple.
Live
Trump says he's deciding between deal or driving Iran "into hell"
President Trump tells the U.N. he has a "big decision to make" on whether to make a deal or drive Iran "into hell."
Hurricane Polo grows into powerful Category 5 storm off Mexico. See its path.
Hurricane Polo rapidly intensified in the Pacific off the southwestern Mexican coast, growing into a Category 5 storm. Here's the latest on its path.
Hayden Panettiere died from accidental overdose, autopsy finds
An autopsy by the Greenville County Coroner's Office determined Hayden Panettiere's death was accidental.
3 guys hacked OpenAI using a rival Anthropic model. Here's what to know.
Cybersecurity researchers from a small firm called Hacktron in India broke into OpenAI, showing how vulnerable frontier labs are.
ICE officer who shot Venezuelan man wasn't wearing body camera, sources say
The ICE officer who shot a Venezuelan delivery driver was not wearing a body camera at the time of the shooting, sources familiar with the investigation told CBS News.
U.S.
More U.S.
Meta's Muse shopping agent is a hit, as AI commerce starts to take off
Meta's new AI tool now ranks at the top of the App Store. Some retail experts see a "natural evolution from search."
Andreessen Horowitz launches AI school as college alternative
One of Silicon Valley's most prominent venture investors is gearing its new tech academy toward aspiring entrepreneurs focused on building AI.
Supreme Court stays out of custody dispute between California couple and surrogate
Justice Elena Kagan declined a request from a surrogate to intervene in a custody dispute with a California couple.
What is the White House press pool and how does it work?
President Trump's move to ban CNN, MS NOW and Politico from the White House has highlighted the role of the press pool.
Exclusive
U.S. to welcome up to 17,500 more White South Africans as refugees
The Trump administration is planning to welcome up to 17,500 additional White Afrikaners from South Africa as refugees over the next 12 months, according to a notice sent to Congress.
MoneyWatch
More MoneyWatch
Meta's Muse shopping agent is a hit, as AI commerce starts to take off
Meta's new AI tool now ranks at the top of the App Store. Some retail experts see a "natural evolution from search."
Andreessen Horowitz launches AI school as college alternative
One of Silicon Valley's most prominent venture investors is gearing its new tech academy toward aspiring entrepreneurs focused on building AI.
3 guys hacked OpenAI using a rival Anthropic model. Here's what to know.
Cybersecurity researchers from a small firm called Hacktron in India broke into OpenAI, showing how vulnerable frontier labs are.
Diesel prices just hit a new record. Would a U.S. export ban bring relief?
Some lawmakers want to halt U.S. diesel exports as prices top $6.50 a gallon. But such a ban could have unintended consequences, experts say.
Have an Apple iPhone 15 or 16? How to file a claim for up to $95.
The claims window is open until Dec. 21, 2026. To file a claim, iPhone users must enter basic personal info and their iPhone's serial number.
Politics
More Politics
Supreme Court stays out of custody dispute between California couple and surrogate
Justice Elena Kagan declined a request from a surrogate to intervene in a custody dispute with a California couple.
What is the White House press pool and how does it work?
President Trump's move to ban CNN, MS NOW and Politico from the White House has highlighted the role of the press pool.
Exclusive
U.S. to welcome up to 17,500 more White South Africans as refugees
The Trump administration is planning to welcome up to 17,500 additional White Afrikaners from South Africa as refugees over the next 12 months, according to a notice sent to Congress.
ICE officer who shot Venezuelan man wasn't wearing body camera, sources say
The ICE officer who shot a Venezuelan delivery driver was not wearing a body camera at the time of the shooting, sources familiar with the investigation told CBS News.
Senators press Rubio to prioritize release of American held in Iran
Reza Valizadeh, a U.S.-Iranian dual citizen and former journalist for U.S.-funded broadcaster Radio Farda, has been imprisoned in Iran since September 2024.
HealthWatch
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Even the smallest joys can help prevent suicide, researchers say
New research highlights common themes shared by people who found reasons to keep living through dark times.
First on CBS
JB Pritzker reveals GLP-1 use, pressed on possible presidential run
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
Her son was dying, but his rare cancer made it difficult to get the right drug
As knowledge about genetics advances, some doctors say cancers should be defined by their mutations, not the tissues where they manifest.
Her postpartum symptoms wouldn't go away. A brain tumor was to blame.
Lisa Fasone's first pregnancy went smoothly. Then a rare health condition put her dreams of a second child on hold.
RFK Jr. tells anti-vaccine activists they have a "friend in the White House"
Health and Human Services Secretary Robert F. Kennedy Jr. spoke at a conference hosted by an organization he once led that has promoted doubts about vaccines.
World
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Georgia couple who survived Nepal flood shares their story
Mita and Hemant Parikh decided to split from their group and take a side trip during their long-planned pilgrimage. They're now safely back home, but none of the families they were traveling with have been found.
Exclusive
U.S. to welcome up to 17,500 more White South Africans as refugees
The Trump administration is planning to welcome up to 17,500 additional White Afrikaners from South Africa as refugees over the next 12 months, according to a notice sent to Congress.
Senators press Rubio to prioritize release of American held in Iran
Reza Valizadeh, a U.S.-Iranian dual citizen and former journalist for U.S.-funded broadcaster Radio Farda, has been imprisoned in Iran since September 2024.
U.S. fighter jet crashes at air base in Germany, injuring pilot
The U.S. Air Base Spangdahlem said that the pilot ejected and was receiving medical care.
Trump signs agreement giving U.S. broad military authority in Greenland
The U.S., Denmark and Greenland signed a new security agreement bolstering the United States' military and security presence on the island.
Entertainment
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Entertainment
Hayden Panettiere died from accidental overdose
A South Carolina coroner revealed Tuesday that actor Hayden Panettiere died from an accidental overdose of several drugs, including fentanyl. CBS News national correspondent Lilia Luciano has more.
Judge Judy reflects on 30-year career
Judith Sheindlin, known on TV as Judge Judy, sits down with "CBS Mornings" to discuss her 30-year career as she passes the torch to her son, Adam.
Grandmaster Flash talks new book on hip-hop
Grandmaster Flash speaks with Nate Burleson about his new book, "Birth of a Culture," where he gives readers an intimate look at his role in the birth of hip-hop.
Hayden Panettiere died from accidental overdose, autopsy finds
An autopsy by the Greenville County Coroner's Office determined Hayden Panettiere's death was due to an accidental overdose of several drugs, including fentanyl.
Fat Bear Week is here: Meet Backpack, Bucky and other chunky contenders
Sixteen bears are facing off in Fat Bear Week 2026, the highly anticipated tournament among the chunkiest bears at the Katmai National Park and Preserve in Alaska.
Technology
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Technology
Downloads surge for Meta's new AI agent Muse
Meta's new AI personal assistant, Muse, has reached the top of the U.S. App Store charts, surpassing competitor ChatGPT. CBS News digital reporter Lauren Fichten details how the app's popularity is helping Meta play catch-up in the AI race.
Trump rejects calls to rein in AI
At the U.N. General Assembly on Tuesday, President Trump told world leaders that the U.S. rejects efforts to rein in artificial intelligence. Stephen Witt, a journalist focused on AI, joins "The Takeout" with analysis.
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.
Meta's Muse shopping agent is a hit, as AI commerce starts to take off
Meta's new AI tool now ranks at the top of the App Store. Some retail experts see a "natural evolution from search."
Andreessen Horowitz launches AI school as college alternative
One of Silicon Valley's most prominent venture investors is gearing its new tech academy toward aspiring entrepreneurs focused on building AI.
Science
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Science
Neuroscientists grow human brain tissue in mice
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
New species of wild cat discovered for first time in more than a century
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
Humpback whale seen grieving dead calf in rare footage
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Remains of ancient warhorse given honorific burial discovered in Egypt
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Anthropic CEO says "exponential" growth of AI is a "warning sign"
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Crime
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Crime
Man shot by ICE: "I'm not doing well"
Wilber Rafael Garces Perez was shot in the back by an Immigration and Customs Enforcement agent in Austin, Texas. Garces Perez's lawyer says he had a work permit and was seeking asylum but had missed a deportation order sent to an old address. CBS News' Jason Allen reports.
"Looksmaxxing" influencer Clavicular charged with rape in Massachusetts
Online personality "Clavicular," whose real name is Braden Peters, faces two felony charges and one misdemeanor charge. He denies the allegations.
Lindsay Clancy's lawyers take next steps
Lindsay Clancy's lawyers filed a motion to dismiss her case and asked the judge to investigate the lone holdout juror after her murder trial ended in a mistrial. CBS News' Shanelle Kaul has more details.
Latest on Nolan Wells case
A grand jury has declined to charge anyone in connection with the death of Mississippi teen Nolan Wells. CBS News' Skyler Henry has more details.
Man shot by ICE in Texas is back in hospital
Protests erupted in Austin, Texas, after a Venezuelan man was shot in his spine by Immigration and Customs Enforcement agents. CBS News' Jason Allen reports.
Space
More Space
NASA spacecraft discovers moon crater bigger than Roman Colosseum
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Extended interview: Patrick Clancy
Patrick Clancy wrestles with grief and shares memories of his children in his first interview since his ex-wife Lindsay Clancy's murder trial ended without a verdict.
Midterm elections in 6 weeks
Congressional candidates nationwide are entering their final campaign push with midterm elections set to take place in six weeks. CBS News' executive director of elections and surveys, Anthony Salvanto, walks us through it.
Judge blocks deportation of man shot by ICE
A judge has blocked the deportation of Wilber Garcés Pérez, a Venezuelan immigrant who was shot and wounded by ICE in Austin, Texas. CBS News' Camilo Montoya-Galvez has the story.
Downloads surge for Meta's new AI agent Muse
Meta's new AI personal assistant, Muse, has reached the top of the U.S. App Store charts, surpassing competitor ChatGPT. CBS News digital reporter Lauren Fichten details how the app's popularity is helping Meta play catch-up in the AI race.
Mint unveils commemorative service dog coins
In honor of September as National Service Dog Month, the U.S. Mint and the nonprofit America's VetDogs unveiled the final designs for three commemorative coins recognizing the impact service animals have on those living with disabilities. America's VetDogs President and CEO John Miller, along with Navy veteran and Paralympic gold medalist Max Rohn, join with more.