America in a credit card debt crisis
Americans are racking up all-time high levels of credit card debt. Ted Rossman, senior industry analyst for CreditCards.com, has tips if you're struggling with high balances.
Finance
Tips for planning a staycation
With so many travelers clogging the roads and the skies this Independence Day weekend, a lower-stress alternative could be a staycation. A survey by Bankrate finds 28% of Americans who plan to take a vacation this summer are opting to stay close to home. Michelle Singletary, personal finance columnist at the Washington Post, has tips for what to do if you opt for a staycation.
Preparing for student loan payments to resume
The Supreme Court on Friday struck down the Biden administration's student loan relief program. Monique White, financial expert and head of community at Self Financial, joins CBS News to share tips on navigating finances after the student loan decision.
Women face age bias no matter how old
Women over the age of 40 have long faced workplace discrimination, but a new study reveals that younger female employees don't have it much better. CBS MoneyWatch associate managing editor Aimee Picchi has more.
British economy avoids recession
New data shows the British economy grew slightly in 2023's first quarter, keeping the country out of recession. CBS News' Ramy Inocencio has more on that and travelers taking summer vacations to Europe in this week's MoneyWatch International.
America's top banks excel in stress test
Several of the nation's top banks excelled in their yearly stress test, according to the Federal Reserve. The Fed tested how 23 banks — each with more than $100 billion in assets — would fare in an economic downturn. Lori Bettinger, president of a network of community banks known as BancAlliance, joins CBS News to break down the test results.
Home costs rise on East Coast, fall in West
The nation's housing prices are seeing their first year-over-year decline since 2012. That decline, however, was not felt across the board. While prices fell in cities like Seattle, San Francisco and Las Vegas, home buyers in places like Miami, Chicago and Atlanta were asked to pay more. Wall Street Journal housing reporter Nicole Friedman joins CBS News to break down what's going on in the housing market.
AI job interviews becoming more common
Your next job interview may be with an artificial intelligence bot, not a person. A recent survey from Resume Builder projected that by 2024, roughly 4 in 10 companies will use AI for job interviews. CBS MoneyWatch reporter Megan Cerullo shares tips for how to handle it.
Bracing for end of student loan payment pause
Millions of Americans will soon need to make payments on their student loans for the first time in more than three years. The payment pause -- which had been sparked by economic worries from the pandemic -- will end in a few months. Sameer Gadkaree, president of the Institute for College Access and Success, joins CBS News to discuss how the resumption of payments will impact borrowers.
Closer look at inflation and interest rate
CBS News business analyst Jill Schlesinger breaks down the decision by the Federal Reserve to pause raising interest rates this month, and how the U.S. is doing with inflation.
Federal Reserve pauses interest rate hikes
For 15 months the Federal Reserve has been trying to catch up to rising inflation by slowing economic activity. The central bank announced Wednesday it will not increase interest rates for now, but warned that the pause may not last long. CBS News senior White House correspondent Weijia Jiang reports.
Why the Fed paused interest rate hikes
For the first time since March 2022, the Federal Reserve will not be raising interest rates. J.D. Durkin, on-air host for digital financial news platform TheStreet, joins CBS News to discuss the Fed's path forward.
New film explores universal basic income
"It's Basic," a documentary that focuses on universal basic income pilot programs in U.S. cities, premiered at Tribeca Film Festival this week. Director Marc Levin and executive producer Michael Tubbs join CBS News to explain the policy and discuss the film.
Young workers going paycheck to paycheck
High mortgages are just one of several financial challenges many young people are facing nationwide. A survey conducted earlier this year found over half of respondents between the ages of 24 and 35 don't expect to do better financially than their parents. Suzanne Woolley, a personal finance writer at Bloomberg, joined CBS News to talk about the survey.
Stocks close strong as debt talks improve
The Dow Jones, the S&P 500 and the Nasdaq closed in the green Friday, as investors reacted to negotiators making progress in the debt ceiling standoff. Javier David, Axios managing editor for business and markets, and J.D. Durkin, host of TheStreet, joined CBS to explain what the numbers mean for investors and the economy.
Americans have $986 billion in credit card debt
Americans now carry a record $986 billion worth of credit card debt, according to numbers from the Federal Reserve Bank of New York. CBS News MoneyWatch reporter Megan Cerullo explained the reasons behind the staggering number, and shared tips for reducing your debt.
More people stressed about money: Survey
In a recent Bankrate survey, 52% of people polled say money has a negative impact on their mental health. That's up from 42% during the same time last year. CBS News talked to Dr. Lisa Palmer, a psychotherapist and the founder of the Renew Center of Florida, about the increase in financial stress.
How U.S. default could impact Americans
With a default deadline looming, CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss what's exactly at stake and how it could impact Americans.
"Productive" debt talks continue
President Biden and House Speaker Kevin McCarthy will continue to meet daily to discuss the debt ceiling as the deadline looms. It is nine days away. The White House and Republicans are haggling over spending cuts, while Americans worry a possible default could impact their financial futures. CBS News chief White House correspondent Nancy Cordes reports from the White House.
Fewer Americans are moving for work
A new survey finds that far fewer Americans are moving for work -- just 1.6% of job seekers moved in the first quarter of 2023, compared to 45% in 1986. CBS MoneyWatch associate managing editor Irina Ivanova explains the possible reasons behind the shift.
Biden cancels part of trip over debt ceiling
After a second Oval Office meeting, Republicans and Democrats have yet to come to an agreement to raise the debt ceiling and avoid an economic catastrophe. With the deadline only 15 days away, President Biden has shortened his overseas trip to work on an agreement. Weijia Jiang reports from the White House.
10-year-old's financial advice to parents
10-year-old Peter is wise beyond his years when it comes to finances. He put together a whole presentation about how to better utilize the money his parents spend on birthday gifts – hoping to put it away for college and invest.
How to pay down credit card debt
Americans are racking up credit card debt at unprecedented rates, approaching $1 trillion, surpassing the pre-pandemic high. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to explain what's driving the increase, and what you should do if you're struggling with credit card debt.
Rep. George Santos criminally charged
The Justice Department has lodged a criminal complaint against New York Rep. George Santos. The newly elected Republican lawmaker is at the center of financial and ethical investigations after it was discovered that he lied about his background and qualifications throughout his campaign. Caitlin Huey Burns reports from Washington.
Goldman Sachs settles gender bias lawsuit for $215 million
The Wall Street giant will reevaluate its promotion and evaluation processes as part of settlement.
Live
U.S. carrier in Iran war set to leave in days as official reveals conflict's cost
The USS Gerald R. Ford aircraft carrier is expected to leave the Middle East in the coming days, a U.S. official confirmed to CBS News.
Secret Service officer shot at gala was not hit by friendly fire, sources say
Federal investigators have also determined that the suspected gunman, 31-year-old Cole Allen, fired his shotgun, the sources said.
Supreme Court weakens Voting Rights Act, voiding Louisiana congressional map
The Supreme Court rule 6-3 in a decision that has implications for the scope of the landmark Voting Rights Act.
King Charles III, Queen Camilla visit New York City
As part of his four-day trip to the U.S. to commemorate America's 250th birthday, King Charles III took part in a series of events in New York City.
Trump says U.S. may cut the number of American troops in Germany
President Trump said Wednesday he is considering reducing the number of U.S. forces in Germany, amid a spat with Germany's chancellor and the NATO alliance over Iran.
Elon Musk tells court he was a "fool" for funding OpenAI
Elon Musk alleges that OpenAI reneged on a promise to operate as a nonprofit dedicated to human progress.
Trump speaks with Putin on Ukraine, Iran
President Trump said he and Russian President Vladimir Putin spoke Wednesday about Ukraine and Iran.
Comey appears in court after his indictment for allegedly threatening Trump
Former FBI Director James Comey was indicted Tuesday for allegedly making threats against President Trump.
Investigation
How a company likened to a sex cult is lobbying Trump for pardons
OneTaste, a company in San Francisco that prosecutors likened to a sex cult, has embarked on a campaign to court allies of President Trump as it seeks pardons for its two convicted leaders, CBS News has learned.
U.S.
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OpenAI sued by families of school shooting victims in Canada's Tumbler Ridge
Several families of victims of a mass shooting in Canada are suing OpenAI and its CEO, Sam Altman, alleging the company's generative AI chatbot, ChatGPT, played a role in the February shooting.
U.S. charges 10 Mexican officials, including Sinaloa governor, with drug trafficking
The U.S. government has charged the governor of Mexico's Sinaloa state and nine other current and former Mexican officials with drug trafficking and weapons offenses in a federal indictment.
Elon Musk tells court he was a "fool" for funding OpenAI
Elon Musk alleges that OpenAI reneged on a promise to operate as a nonprofit dedicated to human progress.
Ford to receive $1.3 billion government refund for Trump's IEEPA tariffs
Detroit automaker expects big financial boost from refund of tariffs struck down earlier this year by the Supreme Court.
Secret Service officer shot at gala was not hit by friendly fire, sources say
Federal investigators have also determined that the suspected gunman, 31-year-old Cole Allen, fired his shotgun, the sources said.
MoneyWatch
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Elon Musk tells court he was a "fool" for funding OpenAI
Elon Musk alleges that OpenAI reneged on a promise to operate as a nonprofit dedicated to human progress.
Ford to receive $1.3 billion government refund for Trump's IEEPA tariffs
Detroit automaker expects big financial boost from refund of tariffs struck down earlier this year by the Supreme Court.
Talks to bail out Spirit Airlines stall as company teeters toward collapse
Spirit Airlines only has enough available cash to continue operations for a matter of days, not weeks, and talks for a government-backed rescue of the no-frills carrier have stalled, sources say.
Powell to stay on Federal Reserve board as policy makers hold rates steady
Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.
TSA PreCheck offers discount to younger travelers. Here's what to know.
TSA is trying to encourage young travelers to enroll in its PreCheck program before summer travel kicks off.
Politics
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U.S. charges 10 Mexican officials, including Sinaloa governor, with drug trafficking
The U.S. government has charged the governor of Mexico's Sinaloa state and nine other current and former Mexican officials with drug trafficking and weapons offenses in a federal indictment.
Trump says U.S. may cut the number of American troops in Germany
President Trump said Wednesday he is considering reducing the number of U.S. forces in Germany, amid a spat with Germany's chancellor and the NATO alliance over Iran.
Secret Service officer shot at gala was not hit by friendly fire, sources say
Federal investigators have also determined that the suspected gunman, 31-year-old Cole Allen, fired his shotgun, the sources said.
Talks to bail out Spirit Airlines stall as company teeters toward collapse
Spirit Airlines only has enough available cash to continue operations for a matter of days, not weeks, and talks for a government-backed rescue of the no-frills carrier have stalled, sources say.
Trump speaks with Putin on Ukraine, Iran
President Trump said he and Russian President Vladimir Putin spoke Wednesday about Ukraine and Iran.
HealthWatch
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Beyond crisis lines: How broader suicide prevention helps people in need
A new approach to suicide prevention shifts the focus from stopping harm in moments of crisis to upstream policies that give people reasons to live.
Big companies position themselves for payday from $50B federal rural health fund
A $50 billion federal fund is supposed to modernize rural healthcare. But community clinics and advocates fear that the contractors administering the money for states will bite off a big chunk before it reaches patients.
A 13-year-old's kidney was failing. Then a stranger stepped in.
Tim Fitzpatrick, a father of a chronically ill child, saw the story of a boy in need of a new kidney and felt compelled to help.
Ben Sasse is on extended time. He credits "providence, prayer and a miracle drug."
The former U.S. senator from Nebraska opened up about his terminal diagnosis, his family and the state of American politics in a "Things That Matter" town hall.
Exclusive
Johnson & Johnson to launch on TrumpRx with 4 of its prescription drugs
Drug-making giant Johnson & Johnson will officially start marketing four of its medications on the Trump administration's TrumpRx website on Friday, CBS News exclusively learned.
World
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U.S. charges 10 Mexican officials, including Sinaloa governor, with drug trafficking
The U.S. government has charged the governor of Mexico's Sinaloa state and nine other current and former Mexican officials with drug trafficking and weapons offenses in a federal indictment.
Trump says U.S. may cut the number of American troops in Germany
President Trump said Wednesday he is considering reducing the number of U.S. forces in Germany, amid a spat with Germany's chancellor and the NATO alliance over Iran.
How Ukraine's demining robots could help U.S. open the Strait of Hormuz
Ukraine has perfected demining techniques in the Black Sea over four years of war against Russia.
Robot exploring France's deepest shipwreck finds cannons, ceramics
An army survey of the seabed uncovered the 16th-century merchant ship by chance in waters off the coast of France.
From a brooch to the queen's iPod: A history of gifts between U.S. and U.K.
King Charles surprised President Trump with the bell from the HMS Trump, a World War II-era British submarine, during this week's visit.
Entertainment
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Entertainment
Wilmer Valderrama on his 200th "NCIS" episode
As "NCIS" nears the highly-anticipated finale of season 23, it will also be star Wilmer Valderama's 200th episode on the show. He reflects on his time on the series and reveals the season finale will have "a lot of danger," adding, "we're setting a crazy tone for next season."
Reshaping the conversation about aging
Constance Zimmer, who co-hosts the podcast "Talk 50 to Me," talks about reframing the conversation among women about aging. The podcast features interviews with women in their 50s, talking about the realities of midlife.
FCC orders review of ABC broadcast licenses
The FCC has ordered an early review of the broadcast licenses for eight local stations owned by ABC. The move comes after President Trump and first lady Melania Trump demanded ABC fire late-night host Jimmy Kimmel. Ed O'Keefe reports.
FCC reviewing ABC licenses amid Kimmel feud
The Federal Communications Commission says it wants the Walt Disney Company to file for early license renewal for its television stations. The announcement comes one day after President Trump and the first lady called on ABC to fire late-night host Jimmy Kimmel. CBS News legal contributor Rebecca Roiphe joins with analysis.
FCC reviewing Disney licenses over DEI practices
One day after President Trump called on ABC to fire late-night host Jimmy Kimmel, the FCC said it will begin reviewing eight broadcasting licenses owned or managed by Disney due to the company's diversity policies. CBS News senior White House and political correspondent Ed O'Keefe has the latest.
Technology
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Technology
Tech companies post earnings amid bubble concerns
Four of the biggest tech companies reported earnings after the closing bell on Wednesday. Adam Levine, senior tech writer for Barron's, joins CBS News to discuss.
Elon Musk tells court he was a "fool" for funding OpenAI
Elon Musk alleges that OpenAI reneged on a promise to operate as a nonprofit dedicated to human progress.
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.
Comparing popular smartwatches right now
Smartwatches can measure everything from heart rate to step count, but which features are most accurate and are worth using? Vanessa Hand Orellana, CNET's lead wearable tech reporter, joins CBS News to discuss.
Musk testifies for 2nd day in OpenAI trial
Elon Musk testified for a second day on Wednesday in a trial that's pitting two tech titans against each other. Paresh Dave, senior writer at Wired, joins CBS News to discuss.
Science
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Trump administration fires board overseeing National Science Foundation
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
AI used to reveal face of victim fleeing Mount Vesuvius eruption
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
In a first, endangered orangutan seen using canopy bridge to cross road
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
Saving the Venus fly trap
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
From 1990: NASA launches Hubble Telescope
On April 24, 1990, NASA launched the Hubble Space Telescope from the Space Shuttle Discovery after seven years of delays. Watch CBS News' coverage from that day.
Crime
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Crime
Prosecutors allege D4vd killed teen to silence her
Prosecutors on Wednesday alleged singer D4vd killed Celeste Rivas Hernandez to silence her "before she ruined his music career." CBS News Los Angeles reporter Hunter Sowards has the latest.
Nick Reiner appears in court
Nick Reiner appeared in a Los Angeles courtroom on Wednesday, several weeks after pleading not guilty in the grisly death of his famous parents, Rob and Michelle Reiner. Carter Evans has more details.
New evidence released in D.C. shooting
Cole Allen, the man accused of trying to assassinate President Trump at the White House Correspondents' Dinner on Saturday, took a mirror selfie, allegedly gearing up for battle, officials said. Matt Gutman reports.
James Comey makes court appearance
Former FBI Director James Comey made his first court appearance in Virginia on Wednesday, charged with threatening President Trump. A grand jury indicted Comey yesterday over a social media post he made last year. CBS News Department of Justice reporter Jake Rosen has more.
DOJ releases new images of D.C. shooting suspect
Federal prosecutors have released new evidence in their case against the man accused of trying to assassinate President Trump at Saturday's White House Correspondents' Dinner. CBS News' Anna Schecter has the details.
Space
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SpaceX launches Falcon Heavy rocket carrying powerful satellite
SpaceX's most powerful operational rocket boosted a high-speed ViaSat internet data relay satellite into space to complete a globe-spanning constellation.
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Blue Origin New Glenn rocket puts satellite payload into wrong orbit
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
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.
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
Breaking down Louisiana voting rights case
The Supreme Court handed down a ruling on Wednesday, weakening the Voting Rights Act. The case was about a Louisiana congressional map that added a second majority-Black district to the state. In a three-to-six decision, the court said the new map constituted racial gerrymandering. CBS News' Jessica Levinson and David Becker break down the ruling and Rep. Troy Carter of Louisiana shares his reaction.
Prosecutors allege D4vd killed teen to silence her
Prosecutors on Wednesday alleged singer D4vd killed Celeste Rivas Hernandez to silence her "before she ruined his music career." CBS News Los Angeles reporter Hunter Sowards has the latest.
Coast Guard commandant on power outages
Coast Guard Commandant Adm. Kevin Lunday told CBS News' Nicole Sganga that several Coast Guard stations across the country recently lost power, water or gas. Service has been restored, but he warns more outages could happen as the DHS shutdown continues.
Immigration applicants to face stricter security checks: Docs
According to internal government documents obtained by CBS News, the Trump administration is ordering enhanced security checks for broad categories of immigrants applying for various legal immigration benefits. CBS News immigration correspondent Camilo Montoya-Galvez reports.
Tech companies post earnings amid bubble concerns
Four of the biggest tech companies reported earnings after the closing bell on Wednesday. Adam Levine, senior tech writer for Barron's, joins CBS News to discuss.