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.
First on CBS
Air Force officer prayed while "free-falling" after being shot down in Iran
Badly wounded and alone in Iran's desert, downed U.S. Air Force officer Dude 44 Bravo evaded capture for days as the Iranian forces and the U.S. military searched for him.
Live
Oil prices near 4-month high as Iran and Oman delay Strait of Hormuz talks
Iran and Oman delay a meeting to discuss control of the Strait of Hormuz as fighting between Iran's Houthi allies and Saudi Arabia raises the stakes for global energy markets.
First on CBS
Pardon brokers offer to "put pressure on the president" — at sky-high costs
Hidden cameras captured lobbyists as they tried to woo a potential client interested in obtaining a pardon from President Trump.
Vance says 870K people suspected of COVID-era U.S. fraud barred from federal loans
A U.S. enforcement push, dubbed "Heartland fraud surge," probed losses involving the Paycheck Protection Program and Economic Injury Disaster Loan program.
Iconic designer Bob Mackie dies at 87. See photos of legendary stars he dressed.
Dubbed the "Designer to the Stars," Bob Mackie won nine Emmy Awards, a Tony Award and was nominated for three Oscars.
Trump dismisses push for AI guardrails despite warnings from tech leaders
President Trump threw cold water on momentum for AI guardrails, saying all the U.S. needs is a "SMART PRESIDENT."
Abbott Labs to pay nearly $385M in case over bacterial contamination at plant
The case stems from a Cronobacter bacterial contamination at one of Abbott Laboratories' Michigan plants.
Don Jr.'s wife says Russian oligarch hosted post-wedding festivities as a "gift"
Bettina Anderson, wife of Donald Trump Jr., said their "dear friend" Umar Kremlev hosted two nights of festivities after their wedding in the Bahamas.
Investigation
Loopholes and shady practices taint U.S. surrogacy industry
Lured by promises of payment and a desire to help other families, surrogates discover they have few protections from practices that cast a "dark shadow" over the industry.
U.S.
More U.S.
Ross Fire still burning, with over 90,000 acres scorched
The wildfire, which has torn through Palo Pinto and Jack counties, forced evacuations, closed roads and disrupted schools.
The AI bubble is leaking air, some economists say. Should investors worry?
AI has fueled a stock boom in recent years. Now, some Wall Street analysts think that epic run is coming to an end.
Abbott Labs to pay nearly $385M in case over bacterial contamination at plant
The case stems from a Cronobacter bacterial contamination at one of Abbott Laboratories' Michigan plants.
Iconic designer Bob Mackie dies at 87. See photos of legendary stars he dressed.
Dubbed the "Designer to the Stars," Bob Mackie won nine Emmy Awards, a Tony Award and was nominated for three Oscars.
The U.S. economy faces mounting headwinds. Here are the top risks.
Rising energy costs, persistently high inflation and mounting federal debt are clouding the outlook for the U.S. economy — and Americans' finances.
MoneyWatch
More MoneyWatch
The AI bubble is leaking air, some economists say. Should investors worry?
AI has fueled a stock boom in recent years. Now, some Wall Street analysts think that epic run is coming to an end.
The U.S. economy faces mounting headwinds. Here are the top risks.
Rising energy costs, persistently high inflation and mounting federal debt are clouding the outlook for the U.S. economy — and Americans' finances.
Tech stocks slump after AI execs call for industry slowdown
The Nasdaq slid 1% on Monday after AI company executives called for a slowdown in developing the technology.
Anthropic CEO Dario Amodei: "For too long the industry lied" about AI risks
The head of the artificial intelligence company calls the exponential rate of AI developments a "warning sign," with risks for humanity, and says, "We need to slow down." He talks with "Sunday Morning" about possible steps forward.
Trump admin. to send $500 checks to nearly 1 million ACA enrollees
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
Politics
More Politics
Abbott Labs to pay nearly $385M in case over bacterial contamination at plant
The case stems from a Cronobacter bacterial contamination at one of Abbott Laboratories' Michigan plants.
EPA to eliminate limits on climate pollution from power plants
The rule, which is expected to face immediate legal challenges, also could prevent future administrations from regulating greenhouse gas emissions from power plants, sources said.
Vance says 870K people suspected of COVID-era U.S. fraud barred from federal loans
A U.S. enforcement push, dubbed "Heartland fraud surge," probed losses involving the Paycheck Protection Program and Economic Injury Disaster Loan program.
Don Jr.'s wife says Russian oligarch hosted post-wedding festivities as a "gift"
Bettina Anderson, wife of Donald Trump Jr., said their "dear friend" Umar Kremlev hosted two nights of festivities after their wedding in the Bahamas.
Trump dismisses push for AI guardrails despite warnings from tech leaders
President Trump threw cold water on momentum for AI guardrails, saying all the U.S. needs is a "SMART PRESIDENT."
HealthWatch
More HealthWatch
Pennsylvania woman dies of measles complications, Jefferson County Coroner reports
A 40-year-old woman died on Saturday from complications associated with measles, the coroner reported.
Strange symptom and a "weird" referral led to surprise Stage 4 cancer diagnosis
Kate Ping thought she was just stressed out. A nurse practitioner's surprising recommendation led to a shocking diagnosis.
Trump admin. to send $500 checks to nearly 1 million ACA enrollees
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
Record-setting cyclospora outbreak is over, U.S. health officials say
The Centers for Disease Control and Prevention said there is no longer a risk of people getting sick with cyclosporiasis from this outbreak and is confident that all related iceberg lettuce is off the market.
Coroner releases details on 2 infant deaths in Pennsylvania measles outbreak
Neither infant was old enough to be vaccinated. The first dose of the measles vaccine is typically given at around 1 year of age.
World
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After losing son, couple welcomes daughter born from embryo frozen for 22 years
The couple named their daughter Georgia in honor of their late son, Giorgos.
Iran's proxies using Yemen to compound war's impact on oil prices
An attack on a Saudi Arabian pipeline and a simmering war between the Saudis and Iran's Houthi allies in Yemen are pushing oil prices up.
Shark attacks, injures surfer at popular beach in Australia
Scientists believe increasingly crowded waters and rising ocean temperatures are shifting sharks' migratory patterns, which may be contributing to a rise in attacks.
Sweden faces political uncertainty as election deals far-right a blow
Sweden's left-wing opposition are holding a slim lead after an election that saw the far-right's share of the vote
Israeli official calls for revocation of "NAZA" filmmakers' citizenship
The documentary "NAZA" includes interviews with purported Israeli intelligence officers who claim the systematic use of AI-powered targeting systems in Gaza.
Entertainment
More Entertainment
Iconic designer Bob Mackie dies at 87. See photos of legendary stars he dressed.
Dubbed the "Designer to the Stars," Bob Mackie won nine Emmy Awards, a Tony Award and was nominated for three Oscars.
Exclusive
Extended interview: Stella Parton
Stella Parton offers fans a glimpse into the life of her larger-than-life sister, Dolly Parton, from her makeup routine to her views on death, in an exclusive interview with "CBS Mornings" co-host Gayle King.
Céline Dion makes triumphant return
Céline Dion, who stepped back from performing in 2022 after announcing a rare autoimmune and neurological disorder, returned to the stage over the weekend for her long-awaited comeback tour. Adriana Diaz reports.
Celine Dion returns to the stage
Canadian superstar Celine Dion returned to the stage in Paris this weekend, for her first full concert in six years, and the first of 26 shows.
Diane von Furstenberg on life, love, and a wrap dress
One of the most important names in fashion for nearly 50 years, Diane von Furstenberg has long empowered women, with practical, feminine clothing, most famously embodied by her '70s wrap dress.
Technology
More Technology
The AI bubble is leaking air, some economists say. Should investors worry?
AI has fueled a stock boom in recent years. Now, some Wall Street analysts think that epic run is coming to an end.
Biosecurity expert on AI misuse
Dr. Ashish Jha, founder of BioRadar and a senior fellow at Harvard's Belfer Center, joins to discuss Anthropic's recent report about how it blocked bad actors from using its Claude models to design biological weapons.
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.
Tech stocks slump after AI execs call for industry slowdown
The Nasdaq slid 1% on Monday after AI company executives called for a slowdown in developing the technology.
Reaction to "sobering message" from CEOs on AI
Bill Cohen, author of "Money to Burn," reacts to new warnings from major tech CEOs about AI and calls to slow the pace of development. "I'd take this warning very seriously," he told CBS News 24/7.
Science
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Anthropic CEO says "exponential" growth of AI is a "warning sign"
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
First-ever adult T. rex trackway found in North Dakota
Paleontologists have identified the first known trackway made by a full-grown Tyrannosaurus rex, and the discovery was made in the North Dakota badlands.
Ig Nobel prizes go to scientists studying cockroach milk, nose-blowing, more
Ten research teams were honored at a satirical science awards ceremony that was hosted outside the U.S. for the first time due to travel concerns. A study of cockroach milk was among the winners.
Vote on the fattest marmot now
Marmots, not bears, are the largest "true" hibernating mammal, UCLA marmot researchers Katie Adler and Emily Renkey say. The two share more fun facts about these cute creatures and explain how to vote for the fattest marmot.
NASA plans to launch new space telescope
NASA's new telescope could change the way we see space. With a wide-field camera that will reveal an area up to 200 times larger than the Hubble Space Telescope, and an orbit a million miles from Earth, the Nancy Grace Roman telescope is expected to find tens of thousands of unknown exoplanets.
Crime
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Crime
New details on Clancy holdout juror
The holdout juror in Lindsay Clancy's murder trial faced a domestic violence charge in 2021, but it was later dismissed, police records show. CBS News' Shanelle Kaul has more.
Lindsay Clancy juror speaks out
Paula Devlin, a juror in the murder trial of Lindsay Clancy, sat down with Shanelle Kaul to share her experience with the high-profile case and tense deliberations that ultimately ended in a mistrial.
Man arrested in death of Tasia Fortune, woman found hanging from tree
Mississippi police have arrested a man in the death of Tasia Fortune, a Black woman found hanging from a tree last month.
State of al‑Qaeda 25 years after 9/11 attacks
25 years after 9/11, we rarely hear about the state of the organization responsible for the attacks. The Atlantic recently put out a piece on al-Qaeda that says in part, "analysts can't decide if the terrorist organization is all but defunct or more threatening than ever." The article's author, Graeme Wood, joins "The Takeout" to discuss.
New terror threats against U.S. post 9/11
The FBI is warning of potential attacks on 9/11 remembrance ceremonies as terrorist groups call for new strikes on U.S. soil. Anna Schecter has more.
Space
More Space
NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
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.
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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
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.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Understanding concerns of AI race with China
President Trump criticized Anthropic CEO Dario Amodei's AI warnings and said the U.S. must maintain its lead over China in the AI race. CBS News national security contributor Sam Vinograd joins to discuss.
Brokers offer felons path to Trump pardons
Paid brokers are now offering felons a path to be pardoned by President Trump, a CBS News investigation shows. CBS News' Gabe Kaminsky and Daniel Klaidman have more on their 60 Minutes report.
Biosecurity expert on AI misuse
Dr. Ashish Jha, founder of BioRadar and a senior fellow at Harvard's Belfer Center, joins to discuss Anthropic's recent report about how it blocked bad actors from using its Claude models to design biological weapons.
Trump blames diesel price on Russia-Ukraine war
President Trump said on social media that the rising diesel price is mostly due to the Russia-Ukraine war and not Iran. CBS News' Aidan Stretch has more.
Trump downplays AI leaders' warnings
President Trump downplayed recent warnings from leaders of major AI firms about tech regulation and development. In a post on Truth Social, he accused Anthropic CEO Dario Amodei of "pretending to be a 'perfect little angel.'" CBS News' Caitlin Huey-Burns has more.