Credit card rates hit 18-year high -- here's why
And that was before the Fed's latest hike, meaning consumers can look forward to even higher payments
Federal Reserve
How the latest interest rate hike impacts you
The Federal Reserve says a "resilient economy" is one reason why it's raising a key interest rate for the second time this year. The central bank increased the short-term rate a quarter point on Wednesday to a range of 1.75 to 2 percent. The Fed also predicts four rate hikes this year after an earlier forecast of three. CBS New business analyst Jill Schlesinger joins "CBS This Morning" to discuss what this means for you.
Fed tipped to hike interest rates
Borrowing costs are likely going up again, with monetary policy makers expected to raise rates on Wednesday
How to rebuild your credit
If you're concerned about your credit history, you are not alone. According to the Federal Reserve, Americans owe more than a trillion dollars in credit card debt. Marcus Garrett, host of the podcast Paychecks and Balances, joins CBSN with tips on how to rebuild your credit.
Consumers show biggest spending jump in 5 months
April's report is a good sign of stronger second-quarter GDP growth, along with inflation at the Fed's target level
Fed moves to ease limits on risky bank trading
The rule was crafted to prohibit banks from using customer deposits to fund risky trades
As U.S. economy gains, millions still live on the edge
Many Americans can't afford to pay their bills, see a doctor or cope with a minor financial emergency
Where rising interest rates are starting to pinch
Credit card delinquencies, a possible leading indicator, are just one category that's showing the pressure
Ready to buy a home? Lock in your mortgage rate now
With the benchmark 10-year Treasury at a 7-year high, borrowing costs are rising, while home prices also climb
Inflation -- and rate hike -- fears have investors wary
Neither Apple's strong results nor a "dovish" Fed policy statement can allay Wall Street's rising rate worries
Fed holds rates steady as it notes inflation
Consumer prices are finally growing at 2 percent a year — a target that has eluded the central bank for years
"Sell in May" warning has extra weight this year
So far this year, stocks have turned in a disappointing performance, and that suggests trouble right about now
Fear of rising interest rates is stalking Wall Street
Despite a strong first-quarter earnings season, the prospects of faster Fed tightening are keeping stocks down
Inflation shows strongest annual gain since early 2017
Though March's one-month pace was slightly down from February, year-over-year prices showed a big jump
JPMorgan's Jamie Dimon on China, immigration and the cyber threat
CEO of nation's largest bank says financial firms and government should work more closely to protect financial system
Fed nudges up key interest by a quarter-point
Monetary policymakers say U.S. economy is gaining speed, move to hike rates for the first time this year
One headwind the stock market can't keep bucking
Wall Street, especially tech stocks, has overcome Trump's tariffs -- but the Fed's removal of stimulus will continue
60 Minutes, 03.15.09
With the weight of the U.S. economy falling largely on his shoulders, Scott Pelley speaks with Federal Reserve Chairman Ben Bernanke; Lesley Stahl profiles Alice Waters and her "slow food" revolution; And, Andy Rooney on the era of newspapers.
Yellen: Greenspan's "irrational exuberance" speech was too mild
The former Federal Reserve chair recalled her "error in judgement" during a talk with her predecessor, Ben Bernanke
Powell signals continued gradual rate hikes to Congress
In his first public testimony as head of the Federal Reserve, Jerome Powell sounds a cheery note on the U.S. economy
High stakes as Fed Chair Powell goes before Congress
While stocks have recouped most of their losses from the February freakout, the downward forces aren't going away
Fed expects further rate hikes as economy strengthens
New Fed Chair Jerome Powell will testify on the report before the House Financial services committee next Tuesday
Rising interest rates are near the danger zone
The 10-year Treasury bond's climb to nearly 3 percent is setting off alarms among Wall Street's stock investors
Fed officials see stronger growth and reason to raise rates
Minutes of the central bank's January meeting show more optimism about the U.S. economy's prospects
For the stock market, this could be "regime change"
The way Goldman Sachs sees it, the new rule for investors may be to "sell the rallies rather than buy the dips"
Videos, witness accounts of deadly shooting at odds with official statements
Bystander videos verified by CBS News show the scene from multiple angles before the fatal shooting of 37-year-old Alex Prett in Minneapolis.
Latest forecast maps show fresh predictions for winter storm
As millions of Americans hunker down for the winter storm, 18 states and Washington, D.C., have declared states of emergency.
Senate Democrats will not provide votes to advance DHS funding bill, Schumer says
Sens. Chris Murphy and Alex Padilla have spent the past two days calling colleagues to whip opposition to the DHS funding bill, according to a source familiar with the process.
Federal agents fatally shoot another Minneapolis resident, officials say
Federal agents in Minneapolis shot and killed a 37-year-old man in south Minneapolis Saturday morning.
Man killed by federal officer in Minnesota worked as ICU nurse, his parents say
The 37-year-old man killed by a federal officer in Minneapolis is identified by his family as Alex Jeffrey Pretti, an intensive care nurse who was "very upset with what was happening" in the ICE crackdown.
What we know about latest shooting by federal agents in Minneapolis
A man is dead after a shooting in Minneapolis on Saturday involving federal immigration agents from Customs and Border Protection. Here's what we know so far.
Flights canceled, states of emergency declared as winter storm bears down
More than 200 million people are under winter storm threats as officials brace for power outages and travel difficulties.
Minneapolis business owners react to deadly shooting: "A neighbor was murdered"
Minneapolis business owners and community members were among the crowd of protesters in sub-zero temperatures following the deadly shooting of 37-year-old Alex Pretti.
Trump threatens Canada with 100% tariffs over its new China trade deal
Canada this month negotiated a deal to lower tariffs on Chinese electric vehicles in return for lower import taxes on Canadian farm products.
U.S.
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Videos, witness accounts of deadly shooting at odds with official statements
Bystander videos verified by CBS News show the scene from multiple angles before the fatal shooting of 37-year-old Alex Prett in Minneapolis.
Daughter defends loving dad now accused in her mom's cold case murder
For more than 30 years the murder of Debe Atrops in suburban Oregon remained unsolved. Then, an Oregon cold case team took a fresh look at the case and thought there was enough to prosecute Bob Atrops, Debe's estranged husband at the time. Their daughter thinks they have the wrong man.
Did a secret obsession lead a "genius" to murder a Yale grad student?
Kevin Jiang, 26, a Yale graduate student and former Army National Guardsman, was gunned down in New Haven, Connecticut. What appeared to be a road rage incident soon unraveled into a story of obsession and premeditation.
NTSB to rule on cause of midair collision that killed 67 people near D.C. airport
Thursday marks a year since an Army Black Hawk helicopter collided in midair with an American Airlines plane. The NTSB is expected to rule on the probable cause.
Minneapolis business owners react to deadly shooting: "A neighbor was murdered"
Minneapolis business owners and community members were among the crowd of protesters in sub-zero temperatures following the deadly shooting of 37-year-old Alex Pretti.
MoneyWatch
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Here's what it takes to achieve an 800 credit score
Only one in four Americans has a credit score above 800, which is considered exceptional, according to industry data.
Bank of America may introduce credit card with 10% APR
Facing pressure from President Trump, credit card issuers are exploring ways to ease borrowing costs.
How to heat your home safely as fierce winter storm grips the U.S.
Federal safety regulators warn that home heating equipment can spark fires or emit carbon monoxide. Here's what to know.
What to know about EVs as the winter storm brings bone-chilling temps
Cold weather can reduce the efficiency of electric vehicles, shortening their driving range. These tips can help.
Tesla Cybertruck sales plunged 48% in in 2025
Other Tesla vehicles also struggled to attract buyers, with sales of its X, S and Y models all sinking from the previous year.
Politics
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Rep. Maxwell Frost says he was assaulted at Sundance Film Festival
Rep. Maxwell Frost, a Florida Democrat, said a man told him "Trump was going to deport me before he punched me in the face."
Senate Democrats will not provide votes to advance DHS funding bill, Schumer says
Sens. Chris Murphy and Alex Padilla have spent the past two days calling colleagues to whip opposition to the DHS funding bill, according to a source familiar with the process.
Iran's Revolutionary Guard warns U.S. as warships head toward Middle East
Tension remains high between Iran and the U.S. in the wake of a bloody crackdown on protests.
Trump threatens Canada with 100% tariffs over its new China trade deal
Canada this month negotiated a deal to lower tariffs on Chinese electric vehicles in return for lower import taxes on Canadian farm products.
Minnesota AG Keith Ellison accuses White House of "politics and retribution"
Minnesota Attorney General Keith Ellison said he has seen "no evidence" of a federal investigation into the fatal shooting of Renee Good by an ICE officer earlier this month.
HealthWatch
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Heart failure threatened her pregnancy. A first-of-its-kind procedure saved it.
Cassandra King was thrilled to be pregnant after years of fertility struggles and multiple miscarriages. Then a sudden cardiac event threatened everything.
Loss of measles-free status would be "cost of doing business," new CDC deputy says
After a year of ongoing measles outbreaks that have sickened more than 2,400 people, the United States is poised to lose its status as a measles-free country.
Measles cases surge in South Carolina as U.S. risks elimination status
An infectious disease physician and former CDC official said he does not "have faith" that the U.S. is "handling measles very well."
Tylenol not linked to autism, new study shows
A review of studies published in The Lancet found no link between acetaminophen use during pregnancy and autism, contradicting the Trump administration's recent claims.
Woman gets her life back after rare transplant: "Prepared for the worst"
Lacy Cornelius Boyd needed IV nutrition and an ileostomy bag after a devastating car crash. A rare transplant was her only option.
World
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Climber Alex Honnold free solos Taipei 101 skyscraper
Alex Honnold also famously climbed Yosemite's El Capitan without any ropes or safety gear in 2017.
Peace talks end constructively, Ukraine's Zelenskyy says, with more possible
The talks are the first known instance that officials from the Trump administration have sat down with Russia and Ukraine.
Iran's Revolutionary Guard warns U.S. as warships head toward Middle East
Tension remains high between Iran and the U.S. in the wake of a bloody crackdown on protests.
Trump threatens Canada with 100% tariffs over its new China trade deal
Canada this month negotiated a deal to lower tariffs on Chinese electric vehicles in return for lower import taxes on Canadian farm products.
Australian boy dies days after being bitten by shark in Sydney Harbor
The Sydney shark attack that killed Nico Antic was one of four recorded in the span of two days.
Entertainment
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Entertainment
Kermit the Frog gets a new home
A 900-pound Kermit the Frog took a journey from Hollywood to Atlanta. Brian Unger has the story.
Lily Fitts performs "Beat Me To It"
Massachusetts-based Lily Fitts originally gained a following for her viral song covers, which were shared by artists like The Lumineers and Noah Kahan. Her debut album "Getting By" captured attention for its honest and raw lyrics, and she's got more coming soon. Here's Lily Fitts performing "Beat Me To It."
Lily Fitts performs "Brown Eyed Baby"
Massachusetts-based Lily Fitts originally gained a following for her viral song covers, which were shared by artists like The Lumineers and Noah Kahan. Her debut album "Getting By" captured attention for its honest and raw lyrics, and she's got more coming soon. Here's Lily Fitts performing "Brown Eyed Baby."
Lily Fitts performs "Lose You Now"
Massachusetts-based Lily Fitts originally gained a following for her viral song covers, which were shared by artists like The Lumineers and Noah Kahan. Her debut album "Getting By" captured attention for its honest and raw lyrics, and she's got more coming soon. Here's Lily Fitts performing "Lose You Now."
Madison Beer opens up about music journey
Madison Beer says music has always been her escape since she started writing songs at just 6 years old. But the 26-year-old has had to navigate ups and downs in her journey to stardom. Anthony Mason reports.
Technology
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Microsoft says outage affecting several services has been resolved
Microsoft services were down for thousands of users, according to tracking service Downdetector.
Snapchat's parent company settles lawsuit
Snapchat's parent company, Snap Inc., settled a lawsuit surrounding allegations of social media addiction burdening users. CBS News' Shanelle Kaul reports.
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.
Elon Musk says at Davos that robots will one day outnumber people
The billionaire CEO of Tesla and SpaceX, in his first appearance at Davos, said Tesla could start selling its Optimus robots next year.
YouTube looks to get rid of fake AI videos
YouTube says it wants to get rid of fake AI videos flooding social media feeds on its platform. CBS News MoneyWatch correspondent Kelly O'Grady explains what's driving the change.
Science
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Science
Cow develops technique to scratch herself
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Dogs can learn by eavesdropping: study
Have you ever wondered if your dog is eavesdropping on you? A new study published in the Journal of Science found that some dogs are not only listening, but are also learning words. Lead scientist Dr. Shany Dror joins CBS News to discuss.
Fossils found in cave shed light on where our species emerged
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
Crime
More Crime
Daughter defends loving dad now accused in her mom's cold case murder
For more than 30 years the murder of Debe Atrops in suburban Oregon remained unsolved. Then, an Oregon cold case team took a fresh look at the case and thought there was enough to prosecute Bob Atrops, Debe's estranged husband at the time. Their daughter thinks they have the wrong man.
Did a secret obsession lead a "genius" to murder a Yale grad student?
Kevin Jiang, 26, a Yale graduate student and former Army National Guardsman, was gunned down in New Haven, Connecticut. What appeared to be a road rage incident soon unraveled into a story of obsession and premeditation.
Official: Feds blocked shooting scene access
Drew Evans, the superintendent of the Minnesota Bureau of Criminal Prevention, spoke after federal agents killed a Minneapolis man on Saturday. Evans said federal investigators blocked his agency's access to the shooting scene.
Officials on 5-year-old boy detained by ICE
Trump administration officials are denying accounts from witnesses who say they saw what occurred during a Minnesota ICE raid where a 5-year-old boy and his father were detained.
Jury selection date set in Mangione trial
At a pretrial hearing on Friday, a judge set the date for jury selection in the case of Luigi Mangione, who is accused of killing UnitedHealthcare CEO Brian Thompson. CBS News legal reporter Katrina Kaufman was in the courtroom and has the details.
Space
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Space
More on Virgin Galactic all-female space crew
Virgin Galactic is sending an all-female research team to space. Kellie Gerardi, who is leading the crew, joins "CBS News 24/7 Mornings" to discuss the goals of the mission.
NASA's Artemis II mission clears big hurdle
Inch by inch, NASA's Artemis II moon rocket lumbered along its four-mile commute from the Vehicle Assembly Building to launch pad 39-B. Mark Strassmann is at the Kennedy Space Center in Florida with more.
NASA hauls Artemis II moon rocket to launch pad for February flight
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
NASA begins Artemis II rollout to launchpad
NASA is beginning its rollout of its Space Launch System rocket and Orion spacecraft as preparations for the Artemis II mission enter their final stage.
NASA moon rocket ready for trip to launch pad
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
Latest Galleries
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Notable Deaths in 2025
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
The Mother I Wish I Knew
A daughter whose mother was murdered is convinced her father is innocent. "48 Hours" correspondent Natalie Morales reports.
The Ivy League Murder
A newly engaged Yale graduate student is gunned down by an unknown attacker after a fender bender. Was it extreme road rage or was he targeted? "48 Hours" correspondent Anne-Marie Green reports.
Kermit the Frog gets a new home
A 900-pound Kermit the Frog took a journey from Hollywood to Atlanta. Brian Unger has the story.
Trump shocks allies with comments about veterans
President Trump shocked NATO partners in an interview with Fox News this week about U.K. veterans and fallen soldiers in Afghanistan. He walked back the comments on Truth Social. Haley Ott has more details.
President Trump threatens 100% tariffs on Canada
President Trump insults the Canadian prime minister, calling him "Governor Mark Carney," as he threatens new tariffs against the country. Willie James Inman has the details.