Trump raising Canada tariffs to 35%
President Trump signed an executive order Thursday night increasing tariffs on Canadian imports to 35% starting Aug. 1. CBS News' Erica Brown and Kelly O'Grady have the latest.
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President Trump signed an executive order Thursday night increasing tariffs on Canadian imports to 35% starting Aug. 1. CBS News' Erica Brown and Kelly O'Grady have the latest.
Ahead of Friday's tariff deadline, President Trump announced on social media that the U.S. and Mexico have agreed to extend their current deal for another 90 days while they continue to negotiate. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Many American businesses are bracing for negative consequences of President Trump's tariffs set to take effect Friday. Ben Knepler, co-founder of the Pennsylvania-based outdoor equipment company True Places, joins CBS News to discuss how the tariffs are impacting his small business.
New numbers show Americans have a slightly more positive outlook on the economy. The Consumer Confidence Index rose two points in July compared to June. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
President Trump wants Texas lawmakers to redraw the state's congressional map to increase Republicans' chances of keeping a House majority after the 2026 midterms. Speaker Mike Johnson joins "The Takeout" to weigh in on the proposal. Then, Molly Ball, senior political correspondent for The Wall Street Journal, Kadia Goba, congressional reporter for The Washington Post, and Alex Isenstadt, senior political reporter for Axios, join with analysis.
President Trump visited the Federal Reserve on Thursday to tour its multi-billion-dollar renovation project. It comes amid his repeated public attacks on Fed Chair Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady reports.
As tensions remain high between the White House and the central bank, a Republican congresswoman is hitting Federal Reserve Chair Jerome Powell with a criminal referral to the Justice Department. CBS News MoneyWatch correspondent Kelly O'Grady joins to examine the disconnect between the Trump administration and the Fed.
A new Semafor report says President Trump's policies are driving up housing costs. Its author, Congress reporter Eleanor Mueller, joins "The Takeout" to explain. Plus, Sophia Cai, White House reporter for Politico, joins to discuss how Mr. Trump's lawsuit against The Wall Street Journal compares to his previous litigation against media companies.
People who get their health insurance through the Affordable Care Act are expected to see a significant spike in their premiums next year because of several factors, including an end to certain tax credits. Dr. Jon LaPook explains.
President Trump signed the GENIUS Act into law on Friday, establishing a regulatory framework for the roughly $250 billion cryptocurrency market known as stablecoin. Bo Hines, executive director of the President's Council of Advisers on Digital Assets, joins "The Takeout" to explain how the law works.
Democratic Sen. Elizabeth Warren of Massachusetts, a longtime critic of Jerome Powell, is speaking out against President Trump's threats to fire the Fed chair. Warren joins "The Takeout" to explain her position and take stock of Mr. Trump's economy.
President Trump's library is still several years away from fruition, but he's already raised millions of dollars toward its construction. The sources of the donations are raising concerns among some Senate Democrats. CBS News political investigative producer Madeleine May reports.
Stocks tumbled on Friday after President Trump threatened to slap a 35% tariff on Canadian goods. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Artificial intelligence giant Nvidia became the first company to surpass a $4 trillion market valuation on Wednesday. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Tuesday marks the start of one of the biggest online shopping events of the year: Amazon Prime Day. Nathan Burrow, senior deals editor for Wirecutter, joins CBS News to round up some of the best promotions.
President Trump notified Japan, South Korea and another dozen countries on Monday that they would face 25% tariffs on all exports to the U.S. starting Aug. 1. CBS News senior White House and political correspondent Ed O'Keefe reports.
Last week, in a bipartisan vote, the Senate passed the GENIUS Act, creating a regulatory framework for stablecoins. Dante Disparte, chief strategy officer at the financial technology company Circle, joins "The Takeout" to explain how stablecoins work and what the Senate's legislation means for the cryptocurrency.
Attorney General Pam Bondi testified before the Senate Appropriations Committee about the Justice Department's budget on Wednesday. Meanwhile, Federal Reserve Chair Jerome Powell delivered his semiannual monetary report to the Senate Banking Committee. CBS News congressional correspondent Nikole Killion has more.
The stock market rallied for a second day on Tuesday as tensions with Iran sent oil prices plummeting. CBS News MoneyWatch correspondent Kelly O'Grady has more.
For millions of people around the U.S., financial stability amounts to a "rare luxury," Bankrate survey finds.
The intensifying conflict in the Middle East is raising new concerns about its potential impact on the oil and gas industry. Much of the focus is on whether Iran will close the Strait of Hormuz, a critical waterway for global crude oil supply. CBS News' Meg Oliver explains how the Strait functions and what a potential closure could mean on a worldwide scale.
Social Security could run out of funds to fully pay out benefits to millions of people in less than 10 years. CBS News MoneyWatch associate managing editor Aimee Picchi has the details.
Stocks lost ground on Friday as traders kept a close eye on the conflict between Israel and Iran. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
A New York Times report suggests that Gen Z -- those born between 1997 and 2012 -- do not like to open a bar tab when they drink with friends. CBS News chief Washington correspondent Major Garrett traveled to a bar near the University of Maryland and sat down with Michael McMillan, a professor of business there, to learn why.
More parents are getting a head start on establishing their kids' credit ratings. CBS News national consumer correspondent Ash-Har Quraishi reports.