Biden calls for three-month federal gas tax "holiday"
The idea, which would require the support of Congress, is already being met with skepticism.
Gas Prices
Biden faces uphill battle on gas tax holiday
President Biden is urging Congress to pass his proposed three-month federal gas tax holiday. But lawmakers in his own party are skeptical it would help consumers. CBS News chief White House correspondent Nancy Cordes has the latest.
Stocks droop on Fed's commitment to "restore price stability"
Stocks have slumped in recent weeks amid investor fears that sharply higher interest rates could trigger a recession.
President Biden calls for gas tax holiday
President Joe Biden is urging congress to pass a three-month federal gas tax holiday. However, some Democrats -- including former President Barack Obama -- have long criticized the idea. CBS News Senior White House and Political Correspondent Ed O'Keefe has more on why Biden is moving forward with this proposal.
Fed will keep raising interest rates as long as appropriate
Fed Chairman Jerome Powell acknowledged recession is possible but later said its likelihood is not "particularly elevated right now."
President Biden considers gas tax holiday
President Biden is considering a gasoline tax holiday to address rising prices amid inflation, but the measure would require congressional approval before taking effect. CBS News political contributor and Washington Post deputy politics editor Sean Sullivan explains why a plan to pause federal gas taxes would likely face an uphill battle on Capitol Hill.
Stocks bounce back after steep selloff last week
Financial markets rebounded Tuesday, but some analysts think U.S. stocks have yet to touch bottom.
White House says recession is not inevitable
As inflation remains high and the stock market falls, U.S. Treasury Secretary Janet Yellen and other White House officials are amplifying President Joe Biden's message that a recession is not inevitable. CBS News anchors Anne-Marie Green and Vladimir Duthiers spoke with political correspondent Caitlin Huey-Burns about the Biden Administration's potential plans to offer temporary relief from rising gas prices.
Biden says he'll decide soon on possible gas tax holiday
Soaring gas prices are putting pressure on the president to take action.
Mortgage rates in the U.S. jump by most in 35 years
Borrowing costs for a typical home loan surged a day after the Federal Reserve hiked its benchmark rate.
6/15: Red and Blue
Biden pushes oil companies on gas production; FDA panel supports COVID vaccine for kids under 5
Biden calls out oil companies as gas prices soar
President Biden sent letters to several U.S. oil companies Wednesday, asking them to do more to reduce the price of gas. Zeke Miller, a CBS News political contributor and White House reporter for the Associated Press, joined Matt Pieper to discuss the issue.
Biden calls on oil companies to produce more gas
In a letter to several oil companies, President Joe Biden asked them to work with the White House to bring down high gas prices. CBS News correspondent Skyler Henry and CBS News senior White House and political correspondent Ed O'Keefe report.
Station manager fired after selling gas for 69 cents a gallon
California service station manager John Szczecina misplaced the decimal on $6.99 per gallon gas. Now he's out of a job.
Energy secretary says there's no "quick fix" to high gas prices
She says the Biden administration is working to address the issue but warned that it could take time.
President Biden to travel to Saudi Arabia in July
President Joe Biden is set to visit Saudi Arabia next month as part of his first trip to the Middle East since he took office. Sean Sullivan, CBS News political contributor and a White House reporter for the Washington Post, joins Elaine Quijano to discuss the trip.
Russia's impact on U.S. gas prices
Russia’s invasion of Ukraine continues to weigh on American wallets. The cost of oil is now more than $120 a barrel, resulting in record high gas prices. Ellen Wald, the president of Transversal Consulting and a senior fellow at the Atlantic Council’s Global Energy Center, joins CBS News to discuss the impact the war in Ukraine is having on gas prices worldwide.
Stocks continue to fall, a day after S&P enters bear market
Volatility follows Monday's turmoil which brought panic among many worried about their 401(k) retirement savings.
$5 gas is here: AAA says nationwide average hits new high
The national average price has jumped 19 cents in just the past week, and it's up $1.93 from this time last year.
Gas prices reach unprecedented highs
Gas prices in the nation are at a never-before-seen level and doesn’t seem to be slowing down anytime soon. CBS News business analyst Jill Schlesinger joins “CBS Mornings” to help make sense of the latest economic data.
Inflation soars to 40-year high
President Biden addressed the inflation crisis in a briefing at the Port of Los Angeles Friday. CBS News senior White House and political correspondent Ed O'Keefe reports.
U.S. inflation surging at fastest pace in 40 years
Prices are skyrocketing as inflation is surging at its fastest pace in more than 40 years. Rampant inflation is hitting America's pocketbooks, but it's also impacting President Biden, as surveys show Americans see it as the nation's top problem. Ed O'Keefe has the latest.
High inflation hampers summer travel plans
Vacation inflation is hitting summer travelers. Airfare, hotel and rental car costs have skyrocketed compared to recent years. Kris Van Cleave takes a look.
Biden to address rising inflation at summit
After an uptick in the latest Consumer Price Index report, President Biden plans to speak about rising inflation, record gas prices and supply chain disruptions. CBS News senior White House and political correspondent Ed O'Keefe joined Vladimir Duthiers and Anne-Marie Green with more on the administration's plans to help consumers.
Consumer prices continue to rise
The Consumer Price Index jumped 1% in May 2022, representing an 8.6% bump year-over-year. That's the largest 12-month increase in more than four decades. CBS News reporter Sarah Ewall-Wice joined Anne-Marie Green and Vladimir Duthiers to discuss how inflation and higher prices are impacting Americans.
Trump will push for "anti-weaponization fund" if Blanche not confirmed, he says
Todd Blanche previously repeatedly told Congress the "anti-weaponization fund" was "dead."
First on CBS
U.S., Israel preparing to bombard energy-related targets in Iran, sources say
The U.S. and Israel plan to hit Iran's energy infrastructure as soon as this weekend, although no final decision has been made, sources familiar with the matter told CBS News.
DOJ to dismiss Reflecting Pool vandalism charges, citing "botched installation"
Federal prosecutors moved to dismiss an indictment charging U.S. Olympic canoeist David Hearn with ripping the bottom of the Lincoln Memorial Reflecting Pool, saying the damage was caused by "botched installation and not vandalism."
Live
Iran accuses U.S. of escalating tensions as Washington plans more strikes
Iran accused the U.S. of escalating tensions in the region and said it's preparing its own response if Washington goes ahead with new strikes.
Savannah Guthrie asks for answers about mom Nancy after notes released
Savannah Guthrie said she and her family have been "in agony and despair ever since" her mother Nancy's disappearance in February.
Spain to put containment fence around Ceuta after migrants rush border
Most migrants who entered the tiny Spanish territory of Ceuta have been returned to Morocco, Spain's authorities said Saturday.
UEFA says it has lost confidence in FIFA leadership after investment plan
FIFA chief Gianni Infantino had proposed creating a $20 billion company to run the World Cup with private investors but drew backlash that grew every day since Tuesday's announcement.
Several people killed in explosion at Moscow restaurant, Russian officials say
An improvised explosive device detonated at a restaurant Saturday in central Moscow, according to Russian state media.
Wildfire danger in Europe shifts to Greece as evacuation orders remain in France
For Greece, the danger carried grim resonance: a 2018 wildfire at the seaside community of Mati, near Athens, killed 104 people.
U.S.
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Vincent Pastore, famous for his role in "The Sopranos," dies at 80
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
Savannah Guthrie asks for answers about mom Nancy after notes released
Savannah Guthrie said she and her family have been "in agony and despair ever since" her mother Nancy's disappearance in February.
A brief timeline of Iranian cyberattacks on the U.S.
Investigators are probing whether Iranian hackers are behind this week's malicious cyber activity against water systems in Minnesota. If they are found to be the culprits, it would not be the first time.
FIFA scraps its World Cup investment plan after backlash
FIFA is shelving a controversial plan that would have allowed for billions of dollars in private commercial investment in the World Cup after the proposal was met with fierce opposition from its member nations.
DOJ to dismiss Reflecting Pool vandalism charges, citing "botched installation"
Federal prosecutors moved to dismiss an indictment charging U.S. Olympic canoeist David Hearn with ripping the bottom of the Lincoln Memorial Reflecting Pool, saying the damage was caused by "botched installation and not vandalism."
MoneyWatch
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Nearly 1 in 4 Americans want CEOs to "stop being greedy," survey finds
New poll explores what people wish corporate leaders understood about economic life in the U.S. today.
Families sue Meta, Snapchat, TikTok, YouTube over deaths of 4 teens
The families of four children who died by suicide allege that using social media led to depression, anxiety and other mental health problems.
New York sues Kalshi, alleging it enables illegal gambling
A growing number of U.S. states are seeking to crack down on prediction markets, but face pushback from federal regulators.
OCTROT heated blankets and throws recalled after fires and injuries
Chinese-made electric bedding poses "risk of serious injury or death," according to U.S. product safety regulators.
Anthropic reveals Claude "gained unauthorized access" to "real-world systems"
Anthropic's artificial intelligence model Claude "gained unauthorized access" to three outside organizations on three separate occasions during testing.
Politics
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Bombing in Colombia injures 11, days before presidential inauguration
President-elect Abelardo de la Espriella condemned the bombing and said "terrorism will not intimidate Colombia."
Trump will push for "anti-weaponization fund" if Blanche not confirmed, he says
Todd Blanche previously repeatedly told Congress the "anti-weaponization fund" was "dead."
A brief timeline of Iranian cyberattacks on the U.S.
Investigators are probing whether Iranian hackers are behind this week's malicious cyber activity against water systems in Minnesota. If they are found to be the culprits, it would not be the first time.
DOJ to dismiss Reflecting Pool vandalism charges, citing "botched installation"
Federal prosecutors moved to dismiss an indictment charging U.S. Olympic canoeist David Hearn with ripping the bottom of the Lincoln Memorial Reflecting Pool, saying the damage was caused by "botched installation and not vandalism."
First on CBS
U.S., Israel preparing to bombard energy-related targets in Iran, sources say
The U.S. and Israel plan to hit Iran's energy infrastructure as soon as this weekend, although no final decision has been made, sources familiar with the matter told CBS News.
HealthWatch
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She went to "hell and back" for a diagnosis. Then her sister showed symptoms.
Megan Kaverman's weight gain, fatigue, high blood pressure and other symptoms were dismissed for years before she was diagnosed with a rare heart disease.
Peptide vendor sentenced for "trail of harm"
A federal judge sentenced the owner of a peptide company to nearly 6 years in prison for deceiving customers and selling products adulterated with steroids, citing a "trail of harm." Adam Yamaguchi reports.
People with disabilities fear service cuts as DOJ questions legal protections
The Department of Justice in June issued a legal opinion saying states aren't required to provide services that help people with disabilities remain in their homes.
Senate committee advances Dr. Erica Schwartz to be Trump's CDC director
If confirmed by the full Senate, Dr. Erica Schwartz would become the 22nd director of the Atlanta-based Centers for Disease Control and Prevention.
Millions of kids have caffeine in their diet. It's not all coming from soda.
On any given day, kids consume an average of 19.4 milligrams of caffeine, which is about two-thirds of what's in a can of Coke, according to a new report.
World
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Several people killed in explosion at Moscow restaurant, Russian officials say
An improvised explosive device detonated at a restaurant Saturday in central Moscow, according to Russian state media.
Wildfire danger in Europe shifts to Greece as evacuation orders remain in France
For Greece, the danger carried grim resonance: a 2018 wildfire at the seaside community of Mati, near Athens, killed 104 people.
Bombing in Colombia injures 11, days before presidential inauguration
President-elect Abelardo de la Espriella condemned the bombing and said "terrorism will not intimidate Colombia."
Europe continues to celebrate Pride after attack on Berlin parade
Large Pride events in Hamburg and Amsterdam are underway after last week's deadly ramming attack in Berlin.
UEFA says it has lost confidence in FIFA leadership after investment plan
FIFA chief Gianni Infantino had proposed creating a $20 billion company to run the World Cup with private investors but drew backlash that grew every day since Tuesday's announcement.
Entertainment
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Vincent Pastore, famous for his role in "The Sopranos," dies at 80
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
8/1: CBS Saturday Morning
French wine region under fire threat, latest on migrants entering Spanish territory, plus all about sake.
GA-20, Charlie Musselwhite perform together
Grammy-winning harmonica virtuoso Charlie Musselwhite is a pioneer of the 60s Chicago blues scene. New England blues trio GA-20 is celebrated for their raucous sound and dynamic live performances. GA-20 and Charlie Musselwhite join forces for an electrifying blues collaboration, culminating in their new album "Blues Now!"
GA-20, Charlie Musselwhite perform together
Grammy-winning harmonica virtuoso Charlie Musselwhite is a pioneer of the 60s Chicago blues scene. New England blues trio GA-20 is celebrated for their raucous sound and dynamic live performances. GA-20 and Charlie Musselwhite join forces for an electrifying blues collaboration, culminating in their new album "Blues Now!"
GA-20 & Charlie Musselwhite play "Crazy Love"
Grammy-winning harmonica virtuoso Charlie Musselwhite is a pioneer of the 60s Chicago blues scene. New England blues trio GA-20 is celebrated for their raucous sound and dynamic live performances. GA-20 and Charlie Musselwhite join forces for an electrifying blues collaboration, culminating in their new album "Blues Now!"
Technology
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Technology
Anthropic claims its AI models went rogue
Anthropic claims its artificial intelligence models went rogue during testing and hacked into three other companies. Less than two weeks ago, OpenAI reported a similar incident for one of its models. Stephen Witt, author of "The Thinking Machine," joins to unpack the situation.
Trump blames Minnesota for water cyberattack
The U.S. government is investigating whether Iran is behind a cyberattack on water systems in seven states. In Minnesota alone, more than 30 community water systems were impacted. CBS News homeland security correspondent Nicole Sganga has the details.
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.
Families sue Meta, Snapchat, TikTok, YouTube over deaths of 4 teens
The families of four children who died by suicide allege that using social media led to depression, anxiety and other mental health problems.
Is Iran targeting the U.S. water supply?
Investigators are examining whether Iran was involved with a series of cyberattacks on water systems in Minnesota and other states. Nicole Sganga reports.
Science
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Rare footage of humpback whale birth captured on drone video
The footage is believed to be only the fourth complete humpback whale birth ever recorded on film anywhere in the world and the first-ever captured by drone.
Rare video shows humpback whale birth
A photographer operating a drone off the coast of Australia captured a humpback whale giving birth. It's believed to be the first time such a birth has been recorded by a drone.
How plants feel
Science shows us that, even though plants don't have brains, they seem to have a nervous system that responds to touch in remarkable ways. Robert Krulwich and puppeteer Barnaby Dixon explore the science of thigmomorphogenesis (the phenomenon of plants reacting to outside stimulae), a discussion that plants the seeds for a song.
Nearly 30 beluga whales sent to the U.S.
Nearly 30 beluga whales were sent to aquariums across the U.S. in a multinational emergency operation after their home aquarium in Canada shuttered. Jared Ochacher reports.
SpaceX launches first rocket since IPO
Elon Musk's aerospace company, SpaceX, launched its massive Starship rocket in its first test flight since the company went public. Since achieving the largest IPO in history, SpaceX's stock has dropped drastically. Mark Strassmann takes a look.
Crime
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Crime
FTC says ticket reseller violated laws
Last year, "CBS Saturday Morning" spoke with ticket reselling company Elite Events and Tickets about its methodology and practices. Now, the Federal Trade Commission is fining the company, saying it violated the Better Online Ticket Sales Act. Elite Events and Tickets neither admitted to nor denied the FTC's allegations.
Police release Nancy Guthrie ransom notes
It has been six months since Nancy Guthrie, the mother of "Today Show" co-host Savannah Guthrie, vanished from her Arizona home. Investigators have now released two ransom notes with "distinctive linguistic characteristics" and are asking for the public's help in identifying their writer.
Savannah Guthrie asks for answers about mom Nancy after notes released
Savannah Guthrie said she and her family have been "in agony and despair ever since" her mother Nancy's disappearance in February.
Notes released in Nancy Guthrie case
For the first time, the Pima County Sheriff's Office released a pair of emails allegedly sent by Nancy Guthrie's kidnapper, who said she had died shortly after she had been abducted. Tom Hanson reports.
Nancy Guthrie ransom notes released
Possible ransom notes released by the Pima County Sheriff's Department in the hopes of identifying Nancy Guthrie's kidnapper or kidnappers include specific details about Guthrie's white Apple Watch and allege that she died unexpectedly of a medical condition and "is buried in nature." CBS News' Anna Schecter breaks it down.
Space
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Russian Soyuz brings three home after 8 months at space station
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
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.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
8/1: CBS Saturday Morning
French wine region under fire threat, latest on migrants entering Spanish territory, plus all about sake.
FTC says ticket reseller violated laws
Last year, "CBS Saturday Morning" spoke with ticket reselling company Elite Events and Tickets about its methodology and practices. Now, the Federal Trade Commission is fining the company, saying it violated the Better Online Ticket Sales Act. Elite Events and Tickets neither admitted to nor denied the FTC's allegations.
Police release Nancy Guthrie ransom notes
It has been six months since Nancy Guthrie, the mother of "Today Show" co-host Savannah Guthrie, vanished from her Arizona home. Investigators have now released two ransom notes with "distinctive linguistic characteristics" and are asking for the public's help in identifying their writer.
GA-20, Charlie Musselwhite perform together
Grammy-winning harmonica virtuoso Charlie Musselwhite is a pioneer of the 60s Chicago blues scene. New England blues trio GA-20 is celebrated for their raucous sound and dynamic live performances. GA-20 and Charlie Musselwhite join forces for an electrifying blues collaboration, culminating in their new album "Blues Now!"
GA-20, Charlie Musselwhite perform together
Grammy-winning harmonica virtuoso Charlie Musselwhite is a pioneer of the 60s Chicago blues scene. New England blues trio GA-20 is celebrated for their raucous sound and dynamic live performances. GA-20 and Charlie Musselwhite join forces for an electrifying blues collaboration, culminating in their new album "Blues Now!"