gas prices impacting summer travel
Lana Zak breaks down how the inflation and high gas prices are impacting summer travel plans.
Gas Prices
Fed says sharply higher interest rates may be needed
Fed officials were concerned at last month's meeting that consumers were starting to expect higher inflation in a self-perpetuating cycle.
Stocks rise after Fed admits more rate hikes could weaken economy
Investors are monitoring economic data for clues on inflation trajectory, with eye on Friday release of June employment numbers.
Crude falls below $100 a barrel for the first time since May 11
Gasoline is now below $5 a gallon across most of U.S. Prices at pump could fall another 40 to 65 cents, expert says.
Can't "out-budget" inflation? Here are things you can do
Rising prices feel impossible to manage when money is already tight. These tips might help.
U.S. stocks fall as inflation, energy weigh on growth
Market turmoil continues with experts warning that fear of a recession could be a self-fulfilling prophecy.
Small business hit with back rent demands amid high inflation
"I needed $10,000 in 15 days," said décor shop owner in Texas who took out several loans in order to pay rent on time.
Bezos slams White House for telling gas stations to cut prices
The Amazon.com founder claims Biden is either relying on "misdirection or a deep misunderstanding of basic market dynamics."
Millions expected to travel Fourth of July
Approximately 48 million Americans are expected to travel 50 miles or more this Fourth of July holiday. But the high volume of travelers are being met with near-record high gas prices, long airport lines, flight delays and cancellations. Elise Preston has more.
Bracing for Fourth of July travel nightmare
The Fourth of July holiday weekend is expected to be a difficult one for travelers. The airline industry is struggling with a spike in flight cancellations and delays, while drivers face high gas prices. CBS News transportation correspondent Errol Barnett has more.
Investors suffered their worst first half of a year since 1970
The start of 2022 has pushed Wall Street into a bear market. Here's what the rest of the year could hold for investors.
Stocks fall as report reveals pullback in consumer spending
Investors are uneasy as signs point to possible recession caused by Fed interest rates hikes.
Key inflation gauge rose 6.3% in May, unchanged from April
Despite added jobs and higher wages "Americans are running faster just to stay even," said one economist.
Factors of gas prices
Lana Zak breaks down how gas prices are calculated including how much influence Russia's Ukraine invasion has actually had on what you pay at the pump.
Texans view state's economic growth as good but feel higher prices' pinch
Most Texans are having to drive less and cut back on spending.
What is the federal gas tax
Lana Zak breaks down what the federal gas tax actually funds and how much you could actually save if it is suspended.
Stocks fall as inflation fears continue to grip investors
"Confidence is going to continue to shrink as long as inflation remains high," said one analyst.
6/13: CBS News Mornings
House Jan 6. committee holding second hearing; New Jersey gas tops $5 for first time
6/15: CBS News Mornings
Fed likely to announce interest rate hike; Texas lawmaker demands answers on police response.
Stocks jump, with Wall Street on track for rare winning week
Financial markets are rising, with some analysts predicting an economic slowdown rather than a recession.
High gas prices sting millions who rely on driving for work
"If you are the company that requires everyone to come in all the time, you're a pariah," said one employer.
Biden faces gas tax holiday roadblocks
President Joe Biden is hoping his proposed gas tax holiday would get prices on gas and diesel down. but he's getting pushback from both Republicans and Democrats. CNS News Senior White House and Political Correspondent Ed O'Keefe joins CBS News Mornings with more.
Biden proposes federal gas tax holiday
President Biden is calling on Congress to suspend the federal 18-cent federal gas tax and 24-cent federal diesel tax. CBS News chief White House correspondent Nancy Cordes reports.
Biden urges Congress to suspend gas tax for 3 months
President Biden called on Congress to halt the federal gas tax for three months as gas prices soar. But there's debate about whether it will actually help consumers. Nancy Cordes has the details.
Biden calls for three-month federal gas tax "holiday"
The idea, which would require the support of Congress, is already being met with skepticism.
Live
Israel-Lebanon ceasefire begins
The leaders of Lebanon and Israel agreed to start a 10-day truce at 5 p.m. Eastern Time Thursday.
U.S. intelligence detects signs China is weighing giving Iran advance radar systems
The technology would enhance Iran's ability to detect and track incoming threats, like low-flying drones and cruise missiles.
Rep. Luna accuses Sen. Gallego of misconduct, which he denies
GOP Rep. Anna Paulina Luna told CBS News that Democratic Sen. Ruben Gallego was the previously unnamed senator whom she accused of "very disturbing" conduct. Gallego has denied all wrongdoing.
Controversial surveillance program extended by House but only until April 30
The House OK'd a short-term renewal until April 30 of FISA, the controversial surveillance program used by U.S. spy agencies, after Republicans revolted, refusing President Trump's push for a longer extension.
Exclusive
ICE head Todd Lyons planning to leave agency this spring
Todd Lyons, the acting head of U.S. Immigration and Customs Enforcement, is planning to leave the federal government later this spring.
Trump announces he's nominating Dr. Erica Schwartz for CDC director
CBS News reported Wednesday that Dr. Erica Schwartz was emerging as the president's top pick for the role.
Democrat Analilia Mejia projected to win N.J. House District 11 seat
CBS News projects that Democrat Analilia Mejia will win the special election in New Jersey's 11th Congressional District, a seat formerly held by Gov. Mikie Sherrill.
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.
Musician d4vd arrested on suspicion of murder in teen's death, LAPD says
Singer and songwriter d4vd has been arrested on suspicion of murder for the death of a 14-year-old whose dismembered body was found last year in a Tesla belonging to the singer.
U.S.
More U.S.
AI "agents" can do your shopping. Should you let them?
Big retailers are embracing agentic commerce as a new way to shop. But you should think twice before handing over your credit card, tech experts say.
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.
Exclusive
ICE head Todd Lyons planning to leave agency this spring
Todd Lyons, the acting head of U.S. Immigration and Customs Enforcement, is planning to leave the federal government later this spring.
U.S. intelligence detects signs China is weighing giving Iran advance radar systems
The technology would enhance Iran's ability to detect and track incoming threats, like low-flying drones and cruise missiles.
RFK Jr. defends proposed 12% health budget cut, measles response in House testimony
Health Secretary Robert F. Kennedy Jr. testified before the House Ways and Means Committee on Thursday, kicking off an expected sprint of seven budget hearings he'll attend over the next week.
MoneyWatch
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AI "agents" can do your shopping. Should you let them?
Big retailers are embracing agentic commerce as a new way to shop. But you should think twice before handing over your credit card, tech experts say.
This is the fastest-growing job for young workers, LinkedIn says
Hint: It involves AI, and a LinkedIn economist says employers are clamoring for people to fill these roles.
NPR gets $113 million in gifts, including $80 million from Connie Ballmer
NPR said the donation from Ballmer, the largest to the public radio network by a living donor, will help offset the loss of federal funding in 2025.
Trump admin set to launch tariff refund portal. Here's what to know.
A federal agency will open a portal on April 20 that lets businesses apply for a refund for Trump tariffs struck down by the Supreme Court.
S&P 500, Nasdaq hit record highs as investors shrug off Iran war fears
With another round of U.S.-Iran peace talks on the horizon, investors are optimistic that the war will wind down.
Politics
More Politics
Controversial surveillance program extended by House but only until April 30
The House OK'd a short-term renewal until April 30 of FISA, the controversial surveillance program used by U.S. spy agencies, after Republicans revolted, refusing President Trump's push for a longer extension.
Rep. Luna accuses Sen. Gallego of misconduct, which he denies
GOP Rep. Anna Paulina Luna told CBS News that Democratic Sen. Ruben Gallego was the previously unnamed senator whom she accused of "very disturbing" conduct. Gallego has denied all wrongdoing.
Exclusive
ICE head Todd Lyons planning to leave agency this spring
Todd Lyons, the acting head of U.S. Immigration and Customs Enforcement, is planning to leave the federal government later this spring.
U.S. intelligence detects signs China is weighing giving Iran advance radar systems
The technology would enhance Iran's ability to detect and track incoming threats, like low-flying drones and cruise missiles.
RFK Jr. defends proposed 12% health budget cut, measles response in House testimony
Health Secretary Robert F. Kennedy Jr. testified before the House Ways and Means Committee on Thursday, kicking off an expected sprint of seven budget hearings he'll attend over the next week.
HealthWatch
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HealthWatch
Dr. Erica Schwartz nominated for CDC director
President Trump nominated a new director for the Centers for Disease Control and Prevention on Thursday. Dr. Erica Schwartz is a former deputy surgeon general and retired Coast Guard rear admiral.
RFK Jr. defends proposed 12% health budget cut, measles response in House testimony
Health Secretary Robert F. Kennedy Jr. testified before the House Ways and Means Committee on Thursday, kicking off an expected sprint of seven budget hearings he'll attend over the next week.
Trump announces he's nominating Dr. Erica Schwartz for CDC director
CBS News reported Wednesday that Dr. Erica Schwartz was emerging as the president's top pick for the role.
Exclusive
Trump to sign executive order on psychedelic drug used abroad to treat PTSD
Ibogaine is used in Mexico and the Caribbean to treat depression, anxiety, addiction and brain trauma.
As U.S. birth rate falls, Trump officials downplay contraception in Title X program
According to new CDC data, there were 3.6 million U.S. births in 2025, a 1% decline from 2024 and down 23% since 2007. The Trump administration has said it wants to reverse this trend.
World
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U.S. intelligence detects signs China is weighing giving Iran advance radar systems
The technology would enhance Iran's ability to detect and track incoming threats, like low-flying drones and cruise missiles.
Cuban leader says country will "be ready" for possible U.S. attack
Cuban President Miguel Díaz-Canel says that while Cuba does not want military aggression from the United States, his country is prepared to fight back.
Latest effort to rein in Trump on Iran falls short in House vote
Few Republicans have been willing to distance themselves from the president as the war's end remains uncertain.
Caine warns "we will use force" if Iran does not comply with blockade
Defense Secretary Pete Hegseth said Thursday thatthe U.S. military can "make the transition" from the blockade to "major combat operations."
Setback for ex-U.S. Marine pilot accused of illegally training Chinese aviators
An Australian judge turned away an appeal by former U.S. Marine pilot Daniel Duggan to avoid extradition to the U.S. over allegations that he illegally trained Chinese military aviators more than a decade ago.
Entertainment
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Entertainment
AI version of Val Kilmer to star in new movie
Actor Val Kilmer died last April, and yet he is starring in a new movie, made after his death. Jo Ling Kent reports on how filmmakers resurrected his voice and image by using artificial intelligence.
Surprise twist in "Survivor 50" elimination
(Warning: Spoilers ahead!) "CBS Mornings" reveals a surprising twist in Wednesday's "Survivor 50" episode that led to a historic trial council ceremony.
More on Live Nation, Ticketmaster ruling
A jury ruled that Live Nation and Ticketmaster operated as an illegal monopoly. Variety's Jem Aswad joins CBS News with more.
Simon Helberg on "The Audacity"
Simon Helberg, known for his role as Howard in "The Big Bang Theory," talks about the new show "The Audacity." Helberg plays a developer who is creating an AI companion. He explains what drew him to the role and discusses the show's messages about humanity and technology.
What happened to influencer Clavicular?
Controversial influencer Clavicular said he is home from the hospital after his livestream abruptly ended on Tuesday night. CBS News' Matt Gutman reports and The Free Press' River Page has more.
Technology
More Technology
AI "agents" can do your shopping. Should you let them?
Big retailers are embracing agentic commerce as a new way to shop. But you should think twice before handing over your credit card, tech experts say.
AI version of Val Kilmer to star in new movie
Actor Val Kilmer died last April, and yet he is starring in a new movie, made after his death. Jo Ling Kent reports on how filmmakers resurrected his voice and image by using artificial intelligence.
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.
Key takeaways on Anthropic's new AI model
More concerns are emerging about Anthropic's new Mythos AI model. Matt Shumer, a former AI company founder and CEO, joins CBS News with more details.
How hackers are using AI to breach networks
U.S. officials are warning of Iranian cyberattacks on businesses and consumers. It comes as a new FBI report shows losses from cybercrime reached nearly $21 billion last year. Ash-har Quraishi shows how hackers are using artificial intelligence, and how you can protect yourself.
Science
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First major forecast for 2026 Atlantic hurricane season is released
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Creature thought to be world's oldest octopus isn't an octopus after all
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
March smashed heat records in several ways, federal data shows
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
Emperor penguins listed as endangered species
The emperor penguin has been declared an endangered species as climate change pushes the icon of Antarctica a step closer to extinction, the global authority on threatened wildlife says.
Stunning photos from Artemis II show Earth, moon, eclipse from space
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Crime
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Crime
Police: Politician killed wife, himself
Police in Virginia say the former Lt. Gov. Justin Fairfax died after he shot and killed his wife and then turned the gun on himself. Nicole Sganga reports.
Divorce battle preceded Fairfax murder-suicide
Just after midnight on Thursday, police say former Virginia Lt. Gov. Justin Fairfax killed his wife and then himself in their home. Both of their teenage children were home at the time of the incident. CBS News homeland security correspondent Nicole Sganga reports.
Sharp increase in ICE detention deaths
New JAMA network research data shows a sharp increase in the number of people who died while in ICE detention last year. CBS News' Camilo Montoya-Galvez reports.
ICE agent accused of assault for pulling gun on 2 people on highway, charges say
Gregory Morgan Jr. of Temple Hills, Maryland, was charged Thursday morning with two counts of second-degree assault in the Feb. 5 incident.
Damon Jones expected to plead guilty in pair of alleged gambling cases
Damon Jones was among dozens of people, including alleged mafia figures and athletes, charged last year in connection with a pair of gambling schemes.
Space
More Space
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.
"God of chaos" asteroid will pass close to Earth in 3 years, NASA says
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
Artemis II astronauts welcomed home to Houston after historic moonshot
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
9 highlights from Artemis II's epic journey around the moon
The Artemis II crew's nine-day moon mission set a record for the farthest any human has ever traveled from Earth. Here's a look at the key moments.
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
More Latest CBS News Videos
Latest CBS News Videos
What to know about Strait of Hormuz, Iran war
Lindsey Reiser anchors a special CBS News 24/7 report on the blockade against Iranian ports, the effective closure of the Strait of Hormuz and the current state of the war with Iran.
What Americans think about Iran, economy
CBS News' Lana Zak spoke with some Americans about their thoughts on the conflict with Iran and its impact on the economy.
Where Trump's goals in Iran stand now
President Trump has repeatedly claimed that the war with Iran is "almost over." He has also stated multiple times that the U.S. is close to accomplishing "all of its goals" in Iran. CBS News' Robert Costa reports and Michael Doran, director of the Center for Peace and Security in the Middle East at the Hudson Institute, have more.
Trump continues feud with Pope Leo
Earlier this week, President Trump turned his criticism toward an unlikely subject- Pope Leo. Michael O'Loughlin, the executive editor of the National Catholic Reporter, joins "The Daily Report."
4/16: The Takeout with Major Garrett
Ceasefire begins between Israel and Lebanon; U.S. blockade of Iranian ports continues for a fourth day.