Congress nears short-term deal on debt limit
Senate Minority Leader Mitch McConnell offered a concession to Democrats, saying Republicans would let them raise the debt ceiling. Nancy Cordes has the latest.
Federal Reserve
U.S. at risk of reaching debt limit
Lawmakers remain deadlocked over raising the debt ceiling, but default could affect millions of Americans and the global economy. Brian Cheung, who reports on Federal Reserve, economics and banking for Yahoo Finance, joins CBSN AM to discuss what could happen if legislation isn't passed.
Dallas Fed chief to step down following trading disclosure
The heads of two regional Fed banks are resigning after watchdogs raised questions about their stock trading.
Fed ready to start reeling in stimulus as U.S. economy heals
Economic recovery remains on course despite surge in COVID-19 cases, according to U.S. central bank.
Stocks plummet over Chinese real estate woes
Wall Street had its worst day since May amid fears that a Chinese real estate company could default, and that the Federal Reserve could begin ending stimulus measures it enacted during the pandemic.
Progressives call on Biden to replace Powell as Federal Reserve chair
They say he hasn't done enough to address the effects of climate change on the financial system and has weakened regulations.
Powell: Fed on track to slow aid for economy later this year
Federal Reserve chair downplays inflation and COVID-19 risks, saying the U.S. economic recovery remains on track.
July inflation index beats economists' projections
The markets are reacting positively to data from the Labor Department. It shows a slightly slower year-over-year inflation rate than economists had feared. Overall, prices are up 5.4% compared to July of last year. CBS News reporter Sarah Ewall-Wice has more on what the July Consumer Price Index means for the state of the U.S. economy.
Kashkari says Delta variant could become a "drag on our economic recovery"
Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, says the spread of the Delta variant is "creating a lot of caution" that could threaten the recovery of the labor market.
Report: Rising rents could impact inflation
The cost of rent in several U.S. cities is rising as the economy recovers from the coronavirus pandemic. A New York Times report explains how those spikes could have a direct impact on the nation's inflation outlook, keeping prices elevated through the end of 2021. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joins CBSN's Lana Zak to explain.
U.S. accuses China of global cybercrime spree
The Biden administration is blaming China for widespread cybercrime, including a Microsoft hack that affected tens of thousands of private and public entities earlier this year. The Chinese embassy is calling these accusations a "malicious smear." CBS News senior White House and political correspondent Ed O'Keefe joins CBSN's Elaine Quijano to discuss these new claims, and the latest developments at the White House.
Families set to receive child tax credit payments
The federal government will begin dispersing monthly cash payments to low- and moderate-income families on July 15 as part of the child tax credit program included in the latest round of COVID relief. The rollout comes as the Federal Reserve paints a clearer picture of the current state of the economy, saying inflation will likely remain elevated in the coming months. CBS News reporter Sarah Ewall-Wice joins CBSN's Lana Zak with the details.
Dow has worst week since October on prospect of interest-rate hikes
Top Fed official says first rate increase could come as soon as next year, a year earlier than previous estimate.
U.S. economy adds 559,000 jobs in May
The Labor Department revealed the U.S. added 559,000 new jobs in May, nearly twice as many as April though lower than analysts' expectations. The nation's unemployment rate fell to 5.8%, its lowest point since the start of the pandemic. Michelle Meyer, head U.S. economist for Bank of America securities, joined CBSN to discuss the state of the economy.
How to navigate a zigzagging stock market
May has been a volatile month for the U.S. stock market amid concerns over inflation and how the Federal Reserve might respond. CBS News business analyst Jill Schlesinger joins CBSN to discuss how to navigate the stock market.
Kashkari says economy still "in a deep hole"
Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, says the state of the U.S. labor market shows the economy is still "in a deep hole."
Yellen: Federal spending could drive a rise in interest rates
The Treasury secretary's remarks come as the president is pushing two proposals totaling $4 trillion.
Fed calls inflation "transitory," holds interest rates steady
Signs of economic growth are stoking fears of price hikes, but Fed policymakers say any inflation will be short-lived.
Chairman of the Federal Reserve, Whistleblower, The Reckoning
Federal Reserve Chairman Jerome Powell on the coronavirus-ravaged economy; Then, The government whistleblower who says the Trump administration's coronavirus response has cost lives; And, What will be the long-term effects of the coronavirus pandemic?
Bipartisan meeting set on infrastructure plan
President Biden and Vice President Harris are expected to meet with a small group of bipartisan lawmakers Monday at the White House to discuss the $2.3 trillion infrastructure proposal. Republicans have raised concerns over the size and cost of the package, while some Democrats say it needs to be even bigger. CBS News chief White House correspondent Nancy Cordes joins CBSN AM with the latest.
Fed Chair on money market funds
Jerome Powell said money market funds need to be "resilient enough" to handle future liquidity shocks, and without federal assistance.
Fed Chair Jerome Powell: America is going back to work
Federal Reserve Chairman Jerome Powell gives his thoughts on how the economy is rebounding from the COVID-19 pandemic. Scott Pelley reports.
Fed Chair on federal budget
When asked if continued spending on infrastructure and COVID-19 relief could set off inflation, Jerome Powell said he doesn't "see that now" and the economy needs to fully recover before spending levels "return to a sustainable path."
Fed Chair on Archegos collapse
The Chairman of the Federal Reserve said the fallout from the collapse of Archegos Capital, its investments included ViacomCBS, was the result of a "risk management breakdown" and the Fed will take a closer look "to make sure it never happens again."
Fed Chair on U.S. digital dollar
Jerome Powell said a potential U.S. digital dollar is being evaluated by the Federal Reserve, and it would require careful consideration before being introduced. When asked if the rise of cryptocurrencies was a motivation, he said they are not "concerning at this point."
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