States tap surpluses for tax cuts, rebates to offset inflation
Republicans and Democrats alike have joined the tax-cutting trend during a midterm election year.
Gas Prices
U.S. stocks slump as investors continue to fret over Fed plans
Markets have been roiled since Fed chair's speech Friday reaffirming central bank's aggressive plans to cool inflation.
Job openings rose in July after 3 months of declines
Rate of workers quitting fell, and layoffs stayed near record low — showing employers are urgently seeking workers.
Stocks close lower, adding to Friday's steep losses
Markets lost more ground after Powell's speech last week confirming more hikes: "We must keep at it until the job is done."
Inflation cools as U.S. consumer prices rose 6.3% in July
Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve.
Powell says Fed could keep lifting rates "for some time"
While higher borrowing costs will hurt, failure to ease inflation "would mean far greater pain," Federal Reserve chief says.
The rise of side hustles amid inflation
CBS News' Anne-Marie Green and Errol Barnett talk with Alejandro Chavarria, Erin Welsh and Pamela Ortiz, who are each pursuing side hustles, as part of CBS News' Uncertain Economy series. More and more Americans are taking on extra work as they struggle to make ends meet amid rising gas and grocery prices due to inflation.
Latest GDP figure eases concern about imminent U.S. recession
New government data shows economic growth shrank at a 0.6% annual rate in the second quarter — less than initially thought.
Stocks fall sharply amid renewed inflation fears
S&P 500 suffers its biggest drop since June as investors fret over the Fed's effort to tame inflation.
U.K. inflation tops 10% on soaring food and energy costs
Britain's inflation rate soared to a new 40-year high, squeezing households. Economists expect it to get worse.
Target's profit craters after it cut prices to clear inventory
Retailer's profits plunge after it slashes prices to clear unwanted inventories of clothing, home goods and other items.
Walmart reports better-than-expected Q2 as Americans cut costs
The company is cutting prices to get rid of excess inventory after a huge shift in how Americans spend.
U.S. stocks up as investors focus on economy ahead of retail data
Walmart and Home Depot kick off a host of retail earnings reports on Tuesday, followed by Lowe's and Target.
U.S. stocks fly high, as S&P 500 ends 4th straight week of gains
Some investors believe inflation may have peaked, allowing Federal Reserve to be less aggressive with hikes.
Gas prices drop under $4 average
According to AAA, the national average price for a gallon of gas has dropped to $3.99. CBS News transportation correspondent Errol Barnett joins Carter Evans to discuss the latest.
Gas prices fall below $4 for first time since March
The average price for a gallon of regular gas fell below $4 for the first time in five months, according to AAA. The relief comes from an increase in global oil supply and a decrease in fuel demand. Errol Barnett takes a look.
Gas prices drop below $4 a gallon for first time since early March
Declining oil prices and somewhat lower demand for gas since motorists have been driving a little less have combined to give Americans some relief at the pump.
Prices dropping across the U.S.
The national average gas price has dropped to below $4. Plus, wholesale prices dropped in July for the first time since April 2020. Jaime Quiros, senior portfolio manager at FBB Capital Partners, joins CBS News to discuss what these reports mean for the state of the economy.
Food costs hit highest inflation level in 40 years
Despite inflation slowing down in July, food prices are rising to levels not seen in more than 40 years. Yahoo Finance reporter Alexandra Semenova joins "CBS News Mornings" to discuss the latest.
Investors cheered by another sign U.S. inflation is easing
Economy is "experiencing a healthy deceleration, not a recession," Goldman Sachs analyst says.
U.S. stocks soar to 3-month high as inflation falls in July
Latest inflation data bolsters hopes that consumer prices have peaked and that the Fed can temper interest rate hikes.
MoneyWatch: Signs inflation is slowing
July's Consumer Price Index report showed a 8.5% annual inflation rate, down from 9.1% in June, which was the highest in over 40 years. The Wall Street Journal's Akani Otani joins CBS News with more on the economic impact.
Inflation rate declines a bit as gas prices drop
The annual inflation rate was 8.5% in July, a slight dip from the four-decade high of 9.1% in June. CBS News reporter Sarah Ewall-Wice breaks down what this means for American consumers.
Inflation rate down from 40-year high
The Consumer Price Index rose to 8.5% in the month of July, bringing inflation down from its 40-year high. Gas prices are falling, but the cost of food and rent are still increasing. Lori Bettinger, president of BancAlliance and the former director of the U.S. Treasury's Troubled Asset Relief Program, joined CBS News to discuss what this data means for the economy.
Drivers could soon see average gas prices hit $3.99 per gallon
Drivers have been cutting their miles traveled since March in response to high prices at the pump, one survey shows.
Live
Iran's ability to threaten Strait of Hormuz is "degraded," CENTCOM says
The Iran war reached the three-week mark as about 2,200 more U.S. Marines and three more warships are headed toward the region, two U.S. officials said.
Robert Mueller, former FBI director and special counsel, dies at 81, sources say
Robert Mueller served as FBI director from 2001 to 2013 and led the investigation into allegations of Russian meddling in the 2016 presidential election.
Trump threatens to use ICE for airport security amid worsening delays
Wait times aren't expected to improve until government funding is restored and TSA officers receive paychecks.
Exclusive
Trump is strategizing means to seize Iran's nuclear stockpiles, sources say
The Trump administration has been strategizing methods and options to secure or extract Iran's nuclear materials, according to multiple sources, as the military campaign against Tehran enters a more uncertain phase.
BTS kicks off global tour with South Korea concert
Local reports estimate that roughly 40,000 people gathered across central Seoul to watch K-pop band BTS reunite.
Senate blocks voting bill's amendment on trans athletes during weekend session
Democrats are expected to eventually block the broader legislation.
More parents are refusing routine newborn preventative care, study finds
Doctors fear that skepticism, fueled by anti-science sentiment and mistrust, is extending beyond vaccines to other proven, routine care.
Florida homeowners insurance company accused of siphoning profits
As Florida moves homeowners' policies out of its state-run insurer of last resort, insiders question one new company's finances.
DOJ seeks to drop case against ex-police officers charged in Breonna Taylor's death
Two former Louisville police officers were facing civil rights charges in connection with the 2020 shooting death of Breonna Taylor.
U.S.
More U.S.
Senate blocks voting bill's amendment on trans athletes during weekend session
Democrats are expected to eventually block the broader legislation.
Robert Mueller, who investigated alleged election meddling, dies at 81, sources say
Robert Mueller served as FBI director from 2001 to 2013 and led the investigation into allegations of Russian meddling in the 2016 presidential election.
The West's historic snow drought could bring water shortages, wildfires
The western United States experienced a severe snow drought this year, threatening the region's water supply and potentially setting the stage for its wildfire season.
NCAA accuses DraftKings of "March Madness" trademark infringement
DraftKings pushed back on the accusation, saying in a statement that it is not engaging in trademark infringement.
Trump threatens to use ICE for airport security amid worsening delays
Wait times aren't expected to improve until government funding is restored and TSA officers receive paychecks.
MoneyWatch
More MoneyWatch
Jury finds Elon Musk liable for misleading investors during Twitter purchase
A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company.
CBS News Radio to shut down after nearly a century of broadcasting
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
Getting ready to fly? Here are 3 ways to track TSA wait times.
Security lines are stretching up to 2 hours at some airports amid TSA staffing shortages. Here's how to check wait times before you leave.
Are the Trump administration's efforts to lower oil and gas prices working?
With gas closing in on $4 a gallon, the Trump administration is pulling multiple levers to tame energy prices. The results have been mixed.
Nearly 90,000 bottles of children's ibuprofen recalled across the U.S.
A pharmaceutical company issued the recall after receiving complaints of "gel-like mass and black particles" in the product, the FDA said.
Politics
More Politics
Senate blocks voting bill's amendment on trans athletes during weekend session
Democrats are expected to eventually block the broader legislation.
Robert Mueller, who investigated alleged election meddling, dies at 81, sources say
Robert Mueller served as FBI director from 2001 to 2013 and led the investigation into allegations of Russian meddling in the 2016 presidential election.
Trump threatens to use ICE for airport security amid worsening delays
Wait times aren't expected to improve until government funding is restored and TSA officers receive paychecks.
Exclusive
Trump is strategizing means to seize Iran's nuclear stockpiles, sources say
The Trump administration has been strategizing methods and options to secure or extract Iran's nuclear materials, according to multiple sources, as the military campaign against Tehran enters a more uncertain phase.
Colombian President Petro caught up in narcotics trafficking probes, sources say
The separate narco-trafficking investigations, based out of New York's Southern and Eastern districts, didn't set out to target Petro, but his name has come up during the course of the probes, one source said.
HealthWatch
More HealthWatch
More parents are refusing routine newborn preventative care, study finds
Doctors fear that skepticism, fueled by anti-science sentiment and mistrust, is extending beyond vaccines to other proven, routine care.
Complex procedure saves officer with chest pain, heart condition
Transit Officer Paul DeGeorge thought his son was lying on him. Then he realized something much scarier was happening.
Judge blocks parts of RFK Jr.'s vaccine agenda, including revised schedule
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Changes in organ donor status can fall through cracks in the system
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
A dad's colon cancer spread to lungs. He says what happened next was a miracle.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
World
More World
2 skiers killed, 5 hurt in northern Italy avalanche
A total of 25 skiers were on the mountainside where the avalanche occurred, but most had escaped.
BTS kicks off global tour with South Korea concert
Local reports estimate that roughly 40,000 people gathered across central Seoul to watch K-pop band BTS reunite.
Exclusive
Trump is strategizing means to seize Iran's nuclear stockpiles, sources say
The Trump administration has been strategizing methods and options to secure or extract Iran's nuclear materials, according to multiple sources, as the military campaign against Tehran enters a more uncertain phase.
Trump administration temporarily lifts sanctions on Iranian oil at sea
The U.S. Treasury has authorized the purchase of Iranian oil that's already at sea, exempting buyers from the tight sanctions that have restricted Iran's oil industry for years, as the Trump administration grapples with high oil prices.
Transcript: Namazi, Shargi, Carstens, on "Face the Nation," March 22, 2026
Transcript: Siamak Namazi, Emad Shargi, Roger Carstens, Neda Sharghi on "Face the Nation with Margaret Brennan," March 22, 2026
Entertainment
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Entertainment
Sneak preview of Propstore's latest auction
"CBS Saturday Morning" gets a sneak peek of Propstore's offerings for next week's live auction of more than 1,000 items from some of Hollywood's most iconic films.
Breaking down how Spotify pays musicians
Streaming platforms changed the way people purchase and listen to music, but they've also changed how artists get paid for their work. "CBS Saturday Morning" visits the Spotify offices to learn about how some artists are earning big bucks on the platform, and how some are still struggling.
BTS kicks off global tour with South Korea concert
Local reports estimate that roughly 40,000 people gathered across central Seoul to watch K-pop band BTS reunite.
Buffalo Traffic Jam performs "Hanging On Hope"
Best friends Frankie Cassidy and Nathan Ross formed Buffalo Traffic Jam as students at Montana State University. Dorm room jam sessions progressed into a sold-out worldwide tour as the duo garnered acclaim for their stripped-down sound and heartfelt lyrics. Here is Buffalo Traffic Jam performing "Hanging On Hope."
Buffalo Traffic Jam performs "Forgot Your Roots"
Best friends Frankie Cassidy and Nathan Ross formed Buffalo Traffic Jam as students at Montana State University. Dorm room jam sessions progressed into a sold-out worldwide tour as the duo garnered acclaim for their stripped-down sound and heartfelt lyrics. Here is Buffalo Traffic Jam performing "Forgot Your Roots."
Technology
More Technology
Jury finds Elon Musk liable for misleading investors during Twitter purchase
A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company.
White House unveils AI framework for Congress
The White House unveiled a national framework for how it wants Congress to address concerns about artificial intelligence. Technology journalist Jacob Ward joins CBS News to discuss the outline and AI concerns.
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.
AI version of Val Kilmer to star in new movie
Val Kilmer was originally set to star in "As Deep as the Grave" before he died last year, never shooting a scene of the movie. But Kilmer will still star in the film thanks to generative AI, which is artificial intelligence that can generate new content by analyzing existing content. Jo Ling Kent has more.
Risks of excessive screen time for adults
More than 80% of adults say they go online at least several times per day and research indicates that even adults' fully-formed brains can suffer negative consequences from excessive screen time. Dr. Sue Varma breaks down risks, tips to reduce your screen time and why adults are spending more time on screens.
Science
More Science
Discovery of 1949 whale recording could unlock mysteries of ocean
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
Crime
More Crime
Wife of Joseph Duggar charged with child endangerment after his arrest
Kendra Duggar was charged with multiple misdemeanors a day after husband Joseph Duggar's arrest.
5 more defendants plead guilty in Feeding Our Future fraud scheme
Five people who were charged in connection to the Feeding Our Future scheme pleaded guilty to wire fraud this week.
See police bodycam video of Justin Timberlake's DWI arrest on Long Island
Bodycam video footage of Justin Timberlake's June 2024 DWI arrest on Long Island was released to the media Friday.
Justice Department subpoenas James Comey
Federal prosecutors in Miami subpoenaed former FBI Director James Comey as part of a probe into Obama-era intelligence officials, two sources familiar with the investigation tell CBS News. Jake Rosen reports.
"American Nightmare" survivor Denise Huskins' new discovery exposes victim privacy loophole in California law
The failure to protect explicit case evidence in Denise Huskins' kidnapping and sexual assault case is driving reform at the State Capitol. New developments exposed a little-known gap in state law that could expose videos of sexual assault victims.
Space
More Space
Space
Eileen Collins on breaking barriers in space
Retired NASA astronaut and Air Force Col. Eileen Collins joins "CBS Saturday Morning" to discuss her groundbreaking journey to become the first woman to pilot the Space Shuttle and the first to command a Space Shuttle mission.
Repaired moon rocket heads back to launch pad for April 1 blastoff
After a trip back out to the launch pad, NASA's Artemis II rocket will be readied for a historic flight to the moon.
Video shows meteor streaking across the sky
A meteoroid was spotted streaking across the sky in 10 states. In some areas, there was also a loud boom, similar to an explosion. NASA says the meteor, which was traveling 45,000 mph in the sky, fragmented - causing the bright fireball and loud boom.
7-ton meteor identified as likely cause of boom heard across Ohio
Some residents immediately feared the sound was an explosion, according to CBS affiliate WOIO, but weather service officials say it appears to have been a meteor.
Bill Nye on going from Boeing to science guy
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
Latest Galleries
More Latest Galleries
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
More Latest CBS News Videos
Latest CBS News Videos
The Dish: Danny's
Dan Abrams' newest venture Danny's offers patrons a quintessential New York City dining experience. The menu by executive chef Ed Tinoco spotlights fun twists on American classics.
Sneak preview of Propstore's latest auction
"CBS Saturday Morning" gets a sneak peek of Propstore's offerings for next week's live auction of more than 1,000 items from some of Hollywood's most iconic films.
Eileen Collins on breaking barriers in space
Retired NASA astronaut and Air Force Col. Eileen Collins joins "CBS Saturday Morning" to discuss her groundbreaking journey to become the first woman to pilot the Space Shuttle and the first to command a Space Shuttle mission.
Breaking down how Spotify pays musicians
Streaming platforms changed the way people purchase and listen to music, but they've also changed how artists get paid for their work. "CBS Saturday Morning" visits the Spotify offices to learn about how some artists are earning big bucks on the platform, and how some are still struggling.
Buffalo Traffic Jam performs "Forgot Your Roots"
Best friends Frankie Cassidy and Nathan Ross formed Buffalo Traffic Jam as students at Montana State University. Dorm room jam sessions progressed into a sold-out worldwide tour as the duo garnered acclaim for their stripped-down sound and heartfelt lyrics. Here is Buffalo Traffic Jam performing "Forgot Your Roots."