MoneyWatch: Soaring gas prices strain budgets
A new analysis finds the rise in gas prices will cost an average American household $2,000 more per year. CBS MoneyWatch reporter Aimee Picchi joins "CBS News Mornings" to break it all down.
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A new analysis finds the rise in gas prices will cost an average American household $2,000 more per year. CBS MoneyWatch reporter Aimee Picchi joins "CBS News Mornings" to break it all down.
The false assertions being spread on social media would have readers believe the Biden administration is intentionally driving up the price of gas to get more Americans to buy electric cars.
Americans could feel even more pain at the pump after the U.S. banned all Russian oil imports as part of the Biden administration's sanctions aimed at damaging Russia's economy. Peter Spiegel, the U.S. managing editor for the Financial Times, joins "CBS News Mornings" to break it all down.
The Biden administration has banned Russian energy imports, leading U.S. gas prices to soar even higher. CBS News senior White House correspondent Weijia Jang joins "CBS News Mornings" from the White House with more details on the search for relief.
Russia announced another cease-fire after Ukrainian officials again accused the country of violating a previous agreement. In the U.S., President Biden banned Russian oil, gas and coal imports. CBS News foreign correspondent Ian Lee has the latest.
California drivers are paying some of the highest prices in the U.S., with one county averaging more than $6 a gallon.
As it cuts off Russia, the Biden administration is negotiating with other oil-producing nations to fill the gap.
President Biden announced a ban on Russian energy imports in a speech on Tuesday. CBS News senior White House and political correspondent Ed O'Keefe joins CBS News' Tanya Rivero and Lilia Luciano with more from the president's speech.
U.S. stocks are continuing to drop over tensions in Ukraine, as rising oil prices disrupt global markets. Dion Rabouin, a reporter for The Wall Street Journal, joins CBS News to discuss the impact on the nation's economy.
Already slammed with the highest inflation in 40 years, some consumers say they'll cut back amid rising gas prices.
The war in Ukraine clouded investors' outlook on Friday and caused stocks to fall despite a strong jobs report. Prices Americans are paying for the basics and gas also overshadowed the increase in jobs. Michael George reports.
Worries about the war in Ukraine sent stocks into a tailspin, despite a blockbuster jobs report. Meanwhile, gas prices are rising at a rate not seen since Hurricane Katrina in 2005. Carter Evans takes a look.
The cost of filling up your car is soaring across much of the U.S as the Ukraine crisis further drives up oil prices.
Government and organizations are looking to confront rising gas prices. as the war in Ukraine is driving up costs and increasing uncertainty in supply routes. Washington Post reporter Steven Mufson joins CBS News to discuss the latest in the oil industry.
The Federal Reserve chairman said the effects of the invasion in Ukraine remain "highly uncertain."
Transportation Secretary Pete Buttigieg joins CBS News' Tanya Rivero and Tony Dokoupil to talk about President Biden's upcoming State of the Union, what the administration is doing about rising gas prices, the supply chain crisis and other major priorities and challenges.
U.S. gas prices are up on the heels of the Russian invasion of Ukraine, but the invasion is not the only factor contributing to the increase. Jay Young, founder and CEO of King Operating Corporation, joined CBS News' Anne-Marie Green to talk about how the war is affecting the U.S. economy.
American motorists are in for at least some short-term pain at the fuel pump as oil and gas markets react to global conflict.
Markets are tanking and energy prices soaring in the wake of Russia's invasion of Ukraine, as oil surged to more than $100 a barrel and gas prices in Europe jumped more than 30% in the hours after Russia launched its attack. Helima Croft, managing director and global head of commodity strategy at Mena Research, spoke with CBS News' Tanya Rivero about what the invasion means for the global energy market.
With higher gas prices, inflation and supply-chain shocks, the conflict in Europe is spilling over into the U.S. economy.
Americans are spending more than expected, with the Commerce Department reporting retail sales jumped 3.8% in January -- up 13% from the same time last year. Ted Rossman, a senior industry analyst at Bankrate.com, joins CBS News to discuss the latest retail sales numbers.
U.S. motorists are paying roughly a dollar more per gallon than they were a year ago, AAA data shows.
A group of Senate Democrats proposes suspending the federal gas tax through the end of the year.
One man paid $25 for just five gallons.
According to the Department of Labor, the Consumer Price Index jumped 7% in 2021. But some economists believe inflation will improve in the coming year. Wall Street Journal reporter Harriet Torry joined CBSN to discuss expert's predictions and possible moves by the government.
The timing of President Trump's Truth Social post announcing Kristi Noem's removal as DHS secretary took DHS officials and the secretary herself by surprise.
President Trump said he must have a role in choosing Iran's next leader and called the son of the late Ayatollah Ali Khamenei "unacceptable."
GOP Rep. Tony Gonzales had been in a runoff with Brandon Herrera after Tuesday's primary in Texas.
In the week before an Iranian retaliatory strike that killed six U.S. service members, Iranian intelligence was likely able to identify and track American forces, according to a memo reviewed by CBS News.
The announcement comes amid criticism of DHS spending under Noem, and as Congress has allowed the department's funding to lapse.
Defense Secretary Pete Hegseth gave a press briefing with Admiral Brad Cooper, the commander of U.S. Central Command.
Lindsey Halligan was the interim U.S. Attorney for the Eastern District of Virginia.
The U.S. military has formally designated artificial intelligence firm Anthropic a supply chain risk, sources told CBS News, a sweeping move that could cut it off from military contracts.
The House passed a measure to fund the Department of Homeland Security on Thursday, but Senate Democrats blocked similar legislation.
Bernard LaFayette, the advance man who did the risky groundwork for the voter registration campaign in Selma, Alabama, that culminated in the passage of the Voting Rights Act of 1965, has died.
Lindsey Halligan was the interim U.S. Attorney for the Eastern District of Virginia.
The timing of Trump's Truth Social post announcing Kristi Noem's removal as DHS secretary took DHS officials and the secretary herself by surprise.
Mortgage rates are rising as bond investors fret that rising oil prices could boost inflation.
John Daghita was arrested on the island of Saint Martin, FBI Director Kash Patel said.
Mortgage rates are rising as bond investors fret that rising oil prices could boost inflation.
More Americans are digging into their retirement savings for emergency expenses, research from Vanguard shows.
The U.S. military has formally designated artificial intelligence firm Anthropic a supply chain risk, a sweeping move that could cut it off from military contracts.
Job cuts at a Whirlpool factory in Iowa underscore the challenges in reviving American manufacturing. "Every day, workers' jobs are still in jeopardy," a union official said.
Stocks fell sharply on Wall Street on Thursday as oil prices rose further because of the war with Iran.
GOP Rep. Tony Gonzales had been in a runoff with Brandon Herrera after Tuesday's primary in Texas.
Relations between the two countries were cut off in 2019, during the first Trump administration.
In the week before an Iranian retaliatory strike that killed six U.S. service members, Iranian intelligence was likely able to identify and track American forces, according to a memo reviewed by CBS News.
Lindsey Halligan was the interim U.S. Attorney for the Eastern District of Virginia.
The timing of Trump's Truth Social post announcing Kristi Noem's removal as DHS secretary took DHS officials and the secretary herself by surprise.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
Some Republican state lawmakers and health associations are pushing back against spending plans under the Trump administration's $50 billion federal rural health fund.
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
Emma Operacz was diagnosed with a rare cancer at 21. An unusual treatment and bone marrow donation from her sister saved her life.
Relations between the two countries were cut off in 2019, during the first Trump administration.
In the week before an Iranian retaliatory strike that killed six U.S. service members, Iranian intelligence was likely able to identify and track American forces, according to a memo reviewed by CBS News.
John Daghita was arrested on the island of Saint Martin, FBI Director Kash Patel said.
Defense Secretary Pete Hegseth gave a press briefing with Admiral Brad Cooper, the commander of U.S. Central Command.
The assassination of Iran's Supreme Leader Ayatollah Ali Khamenei in the early hours of the war has raised a simple but enormously consequential question: Who will replace him?
Savannah Guthrie thanked her colleagues for "caring about my mom as much as I do" in her visit to the studio since Nancy Guthrie's disappearance.
(Warning: Spoiler alert ahead!) Savannah Louie, who won season 49 of "Survivor," talks about her early elimination from the show's 50th season, challenges she faced as a former winner and the lesson she took away from the game.
Throughout her career, Annie Leibovitz has photographed influential women, including Supreme Court Justice Ketanji Brown Jackson, Queen Elizabeth and former House Speaker Nancy Pelosi. She spoke to Anthony Mason about the moments behind the photos and what she plans for her future.
Hilarie Burton Morgan, known for playing Peyton on "One Tree Hill," talks about her docuseries, "True Crime Story: It Couldn't Happen Here," which is in its third season. She explains how each episode highlights a case in a small town in the U.S., how the series empowers the audience and recent developments in a cold case.
TV host and food expert Padma Lakshmi, the creator and executive producer of the new CBS series, "America's Culinary Cup," speaks to "CBS Mornings" about creating the cooking competition and how it's different from other shows.
The Pentagon formally designated artificial intelligence firm Anthropic as a supply chain risk on Thursday amid their feud over AI guardrails. Yahoo Finance senior reporter Brooke DiPalma joins CBS News with more.
Anthropic CEO Dario Amodei said his company and the Department of Defense "have much more in common than we have differences."
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.
Hours after the Trump administration ditched Anthropic over the dispute about AI use, OpenAI struck its own deal with the Pentagon. Now the details of that agreement appear to be changing after backlash. Katrina Manson, Bloomberg News reporter, has more.
Drones struck two facilities in the United Arab Emirates directly, and damaged a data center in Bahrain, Amazon said.
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 Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
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.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
Authorities have arrested a suspect in the killing of three women in Utah, identifying him as Ivan Miller. CBS News correspondent Carter Evans reports.
John Daghita was arrested on the island of Saint Martin, FBI Director Kash Patel said.
Austin Police Chief Lisa Davis played surveillance video and police body cam video.
A suspect is in custody and has been identified after authorities in Utah found three women's bodies in two locations.
A man accused of plotting to kill U.S. politicians said he was pressured by Iran's Islamic Revolutionary Guard Corps to devise the murder-for-hire scheme.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
NASA's Artemis II mission continues to face concerns and delays. Scott E. Parazynski, a former astronaut, joins CBS News with more.
NASA is rolling back the Artemis II moon rocket from its launch pad at the Kennedy Space Center in Florida. It is expected to take up to 12 hours to move the 322-foot rocket, with the journey spanning four miles back to its hangar for repairs. CBS News space consultant Bill Harwood has more.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
It took less than a minute for Israeli bombs to kill Iran's supreme leader, along with more than 40 senior figures, but according to people directly involved in the planning, the attack was three years in the making. As Matt Gutman reports, the big question now is who will lead Iran next.
The Pentagon formally designated artificial intelligence firm Anthropic as a supply chain risk on Thursday amid their feud over AI guardrails. Yahoo Finance senior reporter Brooke DiPalma joins CBS News with more.
President Trump announced on Thursday that he will replace Kristi Noem with Republican Sen. Markwayne Mullin as Homeland Security secretary. Democratic Sen. Peter Welch of Vermont joins "The Takeout" with his reaction.
Authorities have arrested a suspect in the killing of three women in Utah, identifying him as Ivan Miller. CBS News correspondent Carter Evans reports.
The Dow Jones closed on Thursday down nearly 800 points as surging oil prices stoke investor fears about the economic impact of the war with Iran. CBS News' Kelly O'Grady has more on what was driving the market.