What is the "buy, borrow, die" tax strategy Gavin Newsom wants to ban?
As a proposed billionaire tax in California moves forward, Gov. Newsom says other approaches are needed, including closing a tax loophole used by the ultra-rich.
Income Inequality
Wealth inequality in America just hit its widest gap in 3 decades
Nearly one-third of U.S. household wealth was held by the top 1% in the third quarter of 2025.
California could impose a billionaire tax. Here's how it would work.
Proposed California ballot initiative would impose a one-time 5% tax on billionaires, with the revenue funneled toward health care and education.
Nearly a quarter of households live paycheck to paycheck, report finds
The percentage of Americans just scraping by financially is rising as wage growth slows and inflation flares, Bank of America finds.
You're living in a "K-shaped" economy. Here's how that affects you.
The shape of economic growth this year highlights the widening gap between wealthy Americans and everyone else, economists say.
Pediatrician who helped expose Flint's water crisis now fighting poverty
Dr. Mona Hanna created Rx kids, a program that gives cash to pregnant moms with no strings attached.
Outgoing Ford Foundation president on new book
The new book "The Idea of America" hopes to narrow growing divisions among Americans. Author Darren Walker, outgoing president of the Ford Foundation, joins "The Takeout" to discuss how there is more that unites us than divides us.
Financial burden rises for transportation
America's affordability crisis is getting worse. Average Americans are struggling to afford rent, groceries and transportation. Elise Preston reports on the economic struggle many face to even leave their home.
These are the faces of the affordability crisis in the U.S.
A teacher, a police officer and a senior job seeker share the stress and frustration of trying to stay afloat amid surging costs.
Reporter's Notebook: Tax plan gamble
A new tax proposal backed by President Trump would give the biggest benefits to the top earners, while cutting support for the poor. If the promised growth doesn't come, the most vulnerable will pay the price. "CBS Evening News" co-anchor John Dickerson explains.
Police officer shares struggle to buy first home
Americans are sharing their struggles to make ends meet in CBS News' series, "The Cost of Living." A rookie cop in Connecticut talks about the challenges of buying his first home.
Teacher on $37,000 salary fights to stay afloat
In a recent CBS News poll, two out of three Americans said they're stressed about their own finances, while three out of four said their incomes are not keeping up with inflation. A single mom of three shows what it's like to make ends meet on a teacher's salary of $37,000.
Almost 98% of nation's wealth is owned by top half of Americans
Top households are grabbing a larger share of the nation's wealth, a trend experts say could accelerate due to tax cuts and tariffs, experts say.
Homelessness surged a record 18% in 2024
Homelessness in the U.S. jumped 18.1% this year, hitting a record level, with the dramatic rise driven mostly by a lack of affordable housing and devastating natural disasters, officials say. Lilia Luciano has the story.
The more wealth you have, the happier you get, research finds
Multimillionaires are much happier than the merely well off, suggesting life satisfaction continues to improve the wealthier you are.
Growing divide in Wyoming as billionaires send prices sky-high
Teton County's $108,000 median income is still not enough to afford the $7 million average cost for a home in Jackson Hole.
Here's how much income it takes to be considered rich in your state
The income needed to join your state's top earners can vary considerably, from a low of $329,620 annually in West Virginia to $719,253 in Washington D.C.
Here's how much money you need to be in the 1%
It takes substantially more money to be considered an ultra high net worth individual.
Single women in the U.S. own more homes than single men
American women have pulled ahead of men when it comes to building wealth through homeownership, according to LendingTree.
Young Americans and the economy
38% of Gen Z and millennials say they are having a harder time growing financial wealth compared to their parents at the same age, according to a new survey from Bankrate. Sarah Foster, an analyst at Bankrate, joined CBS News to discuss the findings.
Taraji P. Henson says "the math ain't mathing" on pay equity in entertainment
It's not the first time Henson has spoken out on this topic, revealing that she only made $150,000 for her Academy Award-nominated role in "The Curious Case of Benjamin Button."
How much are houses in big cities?
There is a disconnect in most U.S. markets of how much money people are earning, and how much it would cost to buy a home. CBS MoneyWatch associate managing editor Aimee Picchi joins CBS News with data on how much houses cost in major cities around the country.
Richest 20% now richer than before COVID: Fed
Americans were able to save more money during the pandemic because they were spending less due to lockdown restrictions, but new data from the Federal Reserve shows that excess money has now run out for most people. Alex Tanzi, a senior editor for the U.S. economy team at Bloomberg, joined CBS News to discuss how the rich have gotten richer and everyone else has, at best, what they had before the coronavirus pandemic.
The economy's long, hot, and uncertain summer — CBS News poll
High prices and interest rates are still weighing on personal budgets.
Geography of American poverty: "Internal colonies" where life is short
The most disadvantaged communities around the U.S. are rural and suffer from a history of injustice, a new book finds.
Live
Iran says it's ready for new U.S. sanctions, has 2-year plan
Iran's economy minister says the country has been preparing for the sanctions U.S. Treasury Secretary Scott Bessent described as the "greatest financial offensive" ever.
Supreme Court lets Trump implement parts of order restricting mail voting
The Supreme Court divided 6-3 in granting the Trump administration's request for emergency relief.
South Carolina Senate race heads to runoff today
Darline Graham, the sister of the late Sen. Lindsey Graham, is facing off against Rep. Ralph Norman for the GOP nomination.
Lindsay Clancy trial judge denies mistrial request, reprimands prosecution
Lindsay Clancy trial testimony ended abruptly Monday in Plymouth Superior Court when a witness began speaking about religion and the defense unsuccessfully called for a mistrial.
Body of wife wanted in Worcester, Massachusetts, police officer's death found
Karen Solomon, wanted for questioning in the death of her Worcester, Massachusetts, police officer husband, has been found dead after a massive search.
Judge postpones U.S. trial for man accused in deadly 1988 Lockerbie bombing
A federal judge has postponed a trial in the U.S. for a Libyan man charged in the 1988 bombing of Pan Am Flight 103 over Lockerbie, Scotland, citing the discovery of new evidence.
Former Stars and Stripes editor says firing was a "real shock"
Days after his sudden firing by the Pentagon, Erik Slavin, the former editor-in-chief of Stars and Stripes, told CBS News that "time will tell" whether the military newspaper will remain editorially independent.
Hawk Fire evacuations in Reno slightly eased as firefighters make gains
Shifting winds challenged firefighters battling the Hawk Fire in Reno, Nevada, that was keeping tens of thousands of people evacuated.
Iran-linked hackers took U.K. power plant offline for first time, reports say
The attack happened the same month Iranian-linked hackers are believed to have targeted the water systems of a dozen U.S. states.
U.S.
More U.S.
Judge postpones U.S. trial for man accused in deadly 1988 Lockerbie bombing
A federal judge has postponed a trial in the U.S. for a Libyan man charged in the 1988 bombing of Pan Am Flight 103 over Lockerbie, Scotland, citing the discovery of new evidence.
Supreme Court allows Trump to implement parts of order restricting mail voting
The Supreme Court divided 6-3 in granting the Trump administration's request for emergency relief.
8-year-old girl dies from brain-eating amoeba infection in Louisiana
Lillian Smart, 8, has died after being infected by an extremely rare brain-eating amoeba that is found in warm freshwater, her family said.
Why Trump's Canada tariffs are likely to have a modest impact on prices
Although some Canadian goods will get more expensive in the U.S., trade experts don't expect a broader inflation spike.
Gen Xers fret over Social Security. "I will likely be working in retirement."
Millions of Generation X Americans expect to depend on Social Security as their main — or only — source of retirement income.
MoneyWatch
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Why Trump's Canada tariffs are likely to have a modest impact on prices
Although some Canadian goods will get more expensive in the U.S., trade experts don't expect a broader inflation spike.
Gen Xers fret over Social Security. "I will likely be working in retirement."
Millions of Generation X Americans expect to depend on Social Security as their main — or only — source of retirement income.
Redfin and Zillow must change agreement that hurts competition, FTC says
Federal regulators alleged that a $100 million deal between Redfin and Zillow stifled competition for apartment listings.
Trump announces 50% tariffs on Canadian automotive and steel imports
President Trump said tariffs on Canadian automotive and steel imports will rise to 50% on Jan. 1, 2027, in a social media post.
Canada says it will begin retaliatory tariffs on U.S. goods after Labor Day
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
Politics
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South Carolina Senate race heads to runoff today
Darline Graham, the sister of the late Sen. Lindsey Graham, is facing off against Rep. Ralph Norman for the GOP nomination.
Trump and Kennedy's health industry deals are at risk of vanishing
The agreements, covering issues like drug pricing, reducing the use of synthetic food dyes, and cutting back on insurance prior authorization rules, were announced with fanfare and touted as victories.
Former Stars and Stripes editor says firing was a "real shock"
Days after his sudden firing by the Pentagon, Erik Slavin, the former editor-in-chief of Stars and Stripes, told CBS News that "time will tell" whether the military newspaper will remain editorially independent.
Mike Lindell withholds payment for recount request in Minnesota GOP governor primary
Mike Lindell is withholding the payment required for a recount and audit of ballots cast in the Republican primary for Minnesota governor, claiming that the Secretary of State's office has proposed an unlawful recount process, according to a statement released by his campaign Monday.
Supreme Court allows Trump to implement parts of order restricting mail voting
The Supreme Court divided 6-3 in granting the Trump administration's request for emergency relief.
HealthWatch
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At least 1-in-4 ex-NFL players who died from 2016 to 2021 had CTE, study finds
That's a much higher rate than is seen in the general population. CTE is a brain disease linked to repeated blows to the head.
Trump and Kennedy's health industry deals are at risk of vanishing
The agreements, covering issues like drug pricing, reducing the use of synthetic food dyes, and cutting back on insurance prior authorization rules, were announced with fanfare and touted as victories.
8-year-old girl dies from brain-eating amoeba infection in Louisiana
Lillian Smart, 8, has died after being infected by an extremely rare brain-eating amoeba that is found in warm freshwater, her family said.
Trump puts autistic kids in the spotlight and cuts agencies built to protect them
Researchers and disability rights advocates warn that the dismantling of the Education Department and its erosions of civil rights oversight risk widening the disparities autistic children face.
The explosion of ticks and Alpha-gal syndrome
This year, ER visits for tick bites have increased dramatically, corresponding with a new threat: a rise in Alpha-gal syndrome (AGS), where one bite from a lone star tick can make you violently allergic to red meat. How can you best avoid tick bites?
World
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Chinese ship caught with banned shark fins in Pacific Ocean
The ship was among four vessels detained in a surveillance crackdown by 11 Pacific island nations, assisted by the U.S. Coast Guard.
Tornado in France injures 41 people, damages hundreds of homes
Winds are estimated to have reached 73 mph.
Judge postpones U.S. trial for man accused in deadly 1988 Lockerbie bombing
A federal judge has postponed a trial in the U.S. for a Libyan man charged in the 1988 bombing of Pan Am Flight 103 over Lockerbie, Scotland, citing the discovery of new evidence.
Iran-linked hackers took U.K. power plant offline for first time, reports say
The attack happened the same month Iranian-linked hackers are believed to have targeted the water systems of a dozen U.S. states.
A massive data center hub is likely heating up a town outside London
Researchers say residents of Slough, just outside London, are likely very literally feeling the heat from a massive cluster of data centers in their town.
Entertainment
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Entertainment
"Cooking with Levi" family on new cookbook
Levi Zhang and his parents share some recipes from their new cookbook and talk about how their viral videos started.
Bunny Levine, "Gilmore Girls" and "La La Land" actress, dies at 97
Bunny Levine worked as a school librarian for 25 years before pursuing her passion for acting and performing.
Robin Wall Kimmerer on the wonders of nature
Botanist Robin Wall Kimmerer, a member of the Citizen Potawatomi Nation, is author of the New York Times bestsellers "Braiding Sweetgrass" and "The Serviceberry" – books that advocate for living and working in collaboration with the Earth. She talks with correspondent Martha Teichner about the importance of respecting both Western scientific knowledge and Indigenous knowledge, planting trees, and sharing the gifts of nature.
The real no-shoes Kenny Chesney
In his recent memoir, "Heart Life Music," Kenny Chesney describes his life's journey, from Knoxville, Tenn., to No Shoes Nation and beyond. Chesney sits down with Lee Cowan in the Florida Keys, where the country superstar is just another laid-back local, to talk about family, touring, and how he recovered from a 2009 concert which he describes as "hitting a wall." [Originally broadcast Oct. 26, 2025.]
Milan's Casa Verdi, a rest home for musicians living in harmony
Opera great Giuseppe Verdi, one of history's most successful composers, used his fortune to create a retirement home for professional musicians "not favored by fortune." Residents of Casa Verdi in Milan not only share their lifetimes of artistry, they also provide master classes to young musicians. Chris Livesay reports.
Technology
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Technology
How the Robot Games are going in Beijing
The World Humanoid Robot Games are underway in Beijing, China, in a stadium repurposed from the 2022 Winter Olympics. Many of the machines on display can now outrun and out-jump even the best real-life Olympians. Anna Coren has the story.
Women left behind in AI job boom: LinkedIn
While hiring for AI companies is booming, women are getting left behind, according to new research from LinkedIn. It found that female candidates accounted for 26% of hires for jobs requiring AI skills in the U.S., compared to 50% of women hired into non-AI positions. Sarah Steinberg, the head of global public policy partnerships at LinkedIn, joins CBS News to discuss.
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.
A massive data center hub is likely heating up a town outside London
Researchers say residents of Slough, just outside London, are likely very literally feeling the heat from a massive cluster of data centers in their town.
How long before China is ready to deploy humanoid robot soldiers?
A Chinese robotics developer tells CBS News humanoids won't turn against humans as they're just machines: "It all depends on who controls them."
Science
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Invasive Joro spiders are "slowly spreading." Here's what to do if you see one.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Crime
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Chinese ship caught with banned shark fins in Pacific Ocean
The ship was among four vessels detained in a surveillance crackdown by 11 Pacific island nations, assisted by the U.S. Coast Guard.
Amazon driver strikes 71-year-old man in Northern California gas station in newly released video
Newly released surveillance video shows an Amazon delivery driver striking a 71-year-old man inside an Elk Grove gas station earlier this year after a dispute over a parking space, officials said.
49ers owner arrested in police setup
The owner of the San Francisco 49ers was arrested this weekend at a trailer park, allegedly there to pay $140 for sex in what turned out to be a police setup. Carter Evans reports.
3 people emerge from NYC manhole
Video captured three people wearing headlamps and rubber overalls emerging from a manhole in New York City last week during the overnight hours. This is at least the third such sighting, and police cannot fully explain it. Tom Hanson has more details.
Lindsay Clancy defense calls for mistrial
Closing arguments are expected this week in the murder case of Lindsay Clancy. The defense called for a mistrial on Monday after a prosecution witness brought up Clancy's Catholic faith and the concept of mortal sin. Shanelle Kaul has more details from the courthouse.
Space
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First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
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.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
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.
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
More Latest CBS News Videos
Latest CBS News Videos
Can Men Wear Shorts to the Office?
It's a career advice episode! Jill and Mark tackle the big questions: Should you follow a great mentor or stay for a bigger paycheck? When does switching fields make sense? And is owning your own business really better than being an employee? Plus: Jill weighs in on appropriate office attire (spoiler: no shorts for men) and Mark wonders whether his wife is spending too much money on accessories.
Details on Enes Kanter Freedom WNBA ejection
Former NBA center Enes Kanter Freedom was kicked out of Sunday night's WNBA game between the Indiana Fever and the Chicago Sky after getting into a heated argument with Natasha Cloud during the third quarter. Freedom has been a vocal opponent to transgender athletes in women's sports and declared himself eligible for the 2027 WNBA draft in an effort to challenge the league's policy regarding gender. Brian Hamilton, senior writer at the Athletic, joins CBS News to discuss.
Doctor fact-checks Dr. Oz's comments
CBS News medical correspondent Dr. Céline Gounder breaks down some of the claims made Sunday on "Face the Nation" by Dr. Mehmet Oz, administrator of the U.S. Centers for Medicare and Medicaid Services, about vaccines and drug prices.
Trump announces new Canadian tariffs for 2027
President Trump announced Monday a new 50% tariff on all Canadian automotive and steel imports, beginning Jan. 1, 2027. Dan Kelly, president of the Canadian Federation of Independent Business, joins CBS News to discuss.
Inside the U.S. "functional unemployment" rate
Nearly 25% of U.S. workers are "functionally unemployed," a new analysis finds. CBS News MoneyWatch reporter Megan Cerullo has more.