Bessent talks Trump Accounts' July 4 debut
Treasury Secretary Scott Bessent spoke exclusively with Kelly O'Grady about inflation, gas prices and Trump Accounts, which are now available.
Inflation
Bessent on Trump accounts, U.S. economy
In an exclusive interview with Kelly O'Grady, Treasury Secretary Scott Bessent reacted to high gas prices, inflation, President Trump's cryptocurrency earnings disclosure and the official launch of Trump Accounts for children.
Exclusive
Bessent on Trump's crypto earnings: "I don't think there's an appearance problem"
Treasury Secretary Scott Bessent touched on the recent disclosure of President Trump's crypto earnings, the latest developments with the tax-deferred Trump Accounts, and the struggles facing the U.S. economy.
Couples are spending thousands more on weddings. Here's why.
Tariffs, inflation and changing consumer habits are reshaping how much Americans spend to tie the knot.
Iran war has cost Americans $1,000 per household, economist estimates
The Iran war has significantly driven up the cost of fuel, airfare and other U.S. goods, according to Moody's Analytics chief economist Mark Zandi.
Why Fed may raise interest rates this year
The Federal Reserve's preferred inflation gauge climbed to 4.1% in May, its highest level in more than three years. Greg Robb, economics editor at MarketWatch, joins with analysis.
PCE inflation index hit 4.1% in May
May's personal consumption expenditure index, the Federal Reserve's preferred inflation gauge, rose 4.1% year to year, the highest level in three years. CBS News senior business and tech correspondent Jo Ling Kent has more.
Key inflation gauge at highest level since 2023
The Federal Reserve's preferred inflation gauge climbed to 4.1% in May, its highest level in more than three years. Josh Schafer, Barron's Investor Circle Newsletter editor, joins with analysis.
Fed's preferred inflation gauge hits 3-year high
Inflation continued to rise in May, with the Personal Consumption Expenditures price index rising at an annual rate of 4.1%.
Americans concerned about costs of Iran war
With gas prices still higher than last year and inflation stretching household budgets thin, many Americans are facing high financial stress. A recent CBS News poll shows that most Americans think the Iran war is not worth its cost. Political strategists Harrison Fields and Jonae Wartel discuss.
Warsh announces plan to reshape Federal Reserve
The Federal Reserve unanimously voted Wednesday to keep interest rates unchanged. It was the first rate decision under the new chair, Kevin Warsh. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Dow falls after Fed holds interest rates steady
The Federal Reserve maintained its benchmark interest rate on Wednesday in its first meeting with Kevin Warsh as chair. CBS News MoneyWatch correspondent Kelly O'Grady reports from the New York Stock Exchange.
What to expect as Kevin Warsh leads his first Fed interest rate meeting
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
How Georgia candidates plan on tackling costs
Voters in Georgia are casting their ballots in two key Republican runoff races on Tuesday. Trump-backed Lieutenant Gov. Burt Jones and billionaire Rick Jackson are vying for the GOP nomination for governor. The winner will face Democrat and former Atlanta Mayor Keisha Lance Bottoms in November. Meanwhile, Trump-backed Rep. Mike Collins is facing off with former college football coach Derek Dooley for the GOP nomination for Senate. The winner of that race will take on Sen. Jon Ossoff in November. CBS News correspondent Skyler Henry has more.
Wholesale prices see biggest spike since 2022
The producer price index came in much higher than expected in May, signaling that U.S. consumers may face more inflation in the coming months. CBS News' Kelly O'Grady explains.
New wholesale inflation data shows huge rise
New Producer Price Index data signals that inflation continues to affect wholesalers more and more. CBS News' Kathryn Watson has more.
Trump says U.S. will take Iran's Kharg island
President Trump is renewing his threats to take Iran's Kharg Island, a move that would worsen the dynamic with Tehran despite diplomatic efforts to reach a peace deal. CBS News' Robert Berger and Aaron Navarro report.
Wholesale prices see biggest spike since 2022 as energy costs climb
A surge in the Producer Price Index signals that businesses are paying more for goods and services, which could push up consumer costs.
Trump says U.S. will continue to bomb Iran
President Trump announced that more attacks on Iran are coming following two days of strikes on Iranian facilities and reciprocal strikes in the region by Tehran. CBS News' Kathryn Watson reports.
Trump says "I love the inflation"
Inflation surpassed 4% in May, surging to its highest level in three years, new government data shows. When asked about the latest spike in prices, President Trump said "I love the inflation" and argued global prices would be higher if not for a secret U.S. mission in the Strait of Hormuz. Nancy Cordes has more.
New survey results on U.S. financial stress
A new poll from Edward Jones and Gallup of more than 5,000 adults found only 16% felt financially "fulfilled." More than half said they feel financially "conflicted," experiencing both stability and uncertainty. 32% were financially stressed. Washington Post columnist Michelle Singletary joins "The Daily Report" to discuss her article about the poll.
In a tough economy, many U.S. teachers forced to work second jobs
According to a recent survey, 71% of U.S. public school teachers said they work at least one second job.
Teachers leaning on side hustles
Over a third of U.S. workers now hold multiple jobs just to keep up, according to a recent survey by ZipRecruiter. Meg Oliver shows how many school teachers are working side hustles in this "Affordability in America."
Inflation topped 4% in May as CPI surged to highest level in 3 years
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
U.S. inflation hits 3-year-high
The U.S. saw its highest inflation since April 2023 in May, according to the latest numbers from the Bureau of Labor Statistics. Kelly O'Grady has more.
Bipartisan housing bill becomes law after Trump refuses to sign it
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
200 young campers, staff rescued amid record flooding in Missouri
More than 200 people at Camp Taum Sauk in Missouri, were rescued after 6 to 12 inches of rain fell along the Taum Sauk Reservoir.
Live
Trump says 1,000 missiles aimed at Iran if he's targeted for assassination
The president has repeatedly said he's the No. 1 target of the Iranian regime, with protesters holding banners calling for his death at Ayatollah Ali Khamenei's funeral this week.
Apalachee High School shooting suspect set to change plea, documents show
Colt Gray is scheduled to appear in Barrow County Superior Court on July 24 for a plea hearing, court documents show.
New York Times journalists issued subpoenas over Air Force One reporting
The subpoenas were issued after the New York Times reported on alleged security concerns with the new Qatari-gifted Air Force One.
Congressman says he was detained by Israeli settlers in the West Bank
Congressman Ro Khanna said members of the Israel Defense Forces spoke with the settlers and moved a car to block the road.
Iran admits to Trump advisers "they made a mistake" in shooting at ships in strait
The White House wants Iran to publicly acknowledge that shooting at the ships was a mistake.
Parents of teen found dead on island don't believe he chose to stay behind
Christine and Elmore Wonsley said they don't believe their son would've stayed on the island when his friends left by boat.
Pentagon releases new set of UFO files: "Unlike anything I had seen"
The U.S. military released a new batch of files related to UFOs, including one report from a Navy pilot who said a mysterious object was "unlike anything I had seen" in 28 years of service.
U.S.
More U.S.
Apalachee High School shooting suspect set to change plea, documents show
Colt Gray is scheduled to appear in Barrow County Superior Court on July 24 for a plea hearing, court documents show.
200 young campers, staff rescued amid record flooding in Missouri
More than 200 people at Camp Taum Sauk in Missouri, were rescued after 6 to 12 inches of rain fell along the Taum Sauk Reservoir.
New York Times journalists issued subpoenas over Air Force One reporting
The subpoenas were issued after the New York Times reported on alleged security concerns with the new Qatari-gifted Air Force One.
Bipartisan housing bill becomes law after Trump refuses to sign it
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
Judge vacates convictions of 4 Proud Boys in Jan. 6 Capitol insurrection
A federal judge on Friday agreed to dismiss the convictions of four members of the far-right Proud Boys group for their actions in the Jan. 6 Capitol riot.
MoneyWatch
More MoneyWatch
Bipartisan housing bill becomes law after Trump refuses to sign it
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
Apple sues OpenAI, accusing ChatGPT maker of stealing trade secrets
Apple alleges that OpenAI and two of its employees stole trade secrets and engaged in a "pattern of misconduct."
Household staff can earn up to $300,000 working for America's rich
Good help is hard — and expensive — to find, according to a recruiting firm for private chefs, chauffeurs and other household workers.
Gas prices start climbing again as U.S.-Iran tensions flare
Prices at the pump sank following a June ceasefire. But renewed conflict in the Middle East and other factors are driving fuel costs back up.
Trump not expected to veto housing bill, U.S. official says
President Trump said Friday he won't sign the law, but a U.S. official said he isn't expected to veto it either.
Politics
More Politics
Congressman says he was detained by Israeli settlers in the West Bank
Congressman Ro Khanna said members of the Israel Defense Forces spoke with the settlers and moved a car to block the road.
Bipartisan housing bill becomes law after Trump refuses to sign it
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
Judge vacates convictions of 4 Proud Boys in Jan. 6 Capitol insurrection
A federal judge on Friday agreed to dismiss the convictions of four members of the far-right Proud Boys group for their actions in the Jan. 6 Capitol riot.
Graham Platner formally drops out of Maine Senate race
Graham Platner had until 5 p.m. on Monday to formally suspend his campaign or he would remain on the ballot in November.
Iran admits to Trump advisers "they made a mistake" in shooting at ships in strait
The White House wants Iran to publicly acknowledge that shooting at the ships was a mistake.
HealthWatch
More HealthWatch
U.S. citizen working in Congo tests positive for Ebola, CDC says
The Africa Centres for Disease Control and Prevention said the outbreak is the fastest-growing Ebola outbreak recorded on the continent.
Pregnant mom diagnosed with Stage IV cancer after symptoms were dismissed
Jenney Bitner feared she wouldn't get to see her children grow up after a tumor in her brain revealed she had Stage IV melanoma.
Michigan's cyclosporiasis outbreak grows to more than 1,500 cases
Michigan health officials say the state's cyclosporiasis outbreak has grown to more than 1,500 cases.
I tried eating Erling Haaland's World Cup "Viking diet" for a day
Can a normal human handle soccer star Erling Haaland's calorific bonanza? CBS News' Leigh Kiniry found out the hard way.
What to know about "explosive" diarrhea-causing parasite reported in several states
Michigan is experiencing its largest outbreak of a parasitic infection, called cyclosporiasis, that causes severe diarrhea.
World
More World
Bull gores runner in the face at Spain's San Fermin bull run festival
A chaotic bull run at Spain's San Fermin festival in Pamplona on Saturday left 13 people injured, including one runner who was pierced by a horn in the face.
South African soccer player who competed in the World Cup dies at 25
Jayden Adams' death was confirmed by South Africa's minister of sport, arts and culture on Saturday.
U.S. citizen working in Congo tests positive for Ebola, CDC says
The Africa Centres for Disease Control and Prevention said the outbreak is the fastest-growing Ebola outbreak recorded on the continent.
Hundreds of firefighters in Spain battle deadly wildfires that killed at least 12
The fire has scorched some 25 square miles of forest and farmland, about the size of Manhattan.
Pitbull sets record for largest gathering of people wearing bald caps
A total of 22,141 fans wore the caps in London's Hyde Park on Friday ahead of his set at the British Summer Time festival.
Entertainment
More Entertainment
Entertainment
7/11: CBS Saturday Morning
Hundreds were rescued from flooding in Missouri. President Trump threatened to "decimate and destroy" Iran if they try to assassinate him. Plus, Barstool Sports' Dave Portnoy sat down with Kelly O'Grady to discuss his new book.
Dave Portnoy on running "Barstool Sports" like "SNL"
Dave Portnoy founded "Barstool Sports" after quitting a sales job he hated and deciding to strike out on his own.
The James Hunter Six play "A Sure Thing"
James Hunter is a Grammy-nominated R&B artist known for his gritty voice and songwriting acumen. Here's The James Hunter Six with "A Sure Thing."
The James Hunter Six play "Gun Shy"
James Hunter is a Grammy-nominated R&B artist known for his gritty voice and songwriting acumen. Here's The James Hunter Six with "Gun Shy."
The James Hunter Six sings "Here And Now"
James Hunter is a Grammy-nominated R&B artist known for his gritty voice and songwriting acumen. Here's The James Hunter Six with "Here and Now."
Technology
More Technology
Apple sues OpenAI, accusing ChatGPT maker of stealing trade secrets
Apple alleges that OpenAI and two of its employees stole trade secrets and engaged in a "pattern of misconduct."
AI slop floods social media, report says
A new report from AI detector Pangram found that AI-generated content is flooding socials like X and Reddit, with LinkedIn accounting for nearly two-thirds of all AI content detected. Pangram CEO and co-founder Max Spero joins CBS News to discuss his findings.
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.
MSG tracked celebrities, WIRED reports
A major database breach at James Dolan's Madison Square Garden arena revealed an apparent internal list tracking nearly 40,000 celebrities, according to a new report from WIRED. The report alleges that surveillance labels included "LGBTQIA," "DO NOT HOST," and evaluated individuals on a "risk" level. MSG claims the report is inaccurate. WIRED contributing editor Noah Shachtman joins "CBS News 24/7" to discuss his reporting.
Breaking down the Texas app store age law
Earlier this week, the Supreme Court said it would allow Texas to enforce a law requiring app stores to verify users' ages while the issue plays out in the lower courts. CBS News legal contributor Jessica Levinson breaks down the constitutional question.
Science
More Science
Science
Disclosure Foundation head on new UFO files
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
Watch: Pentagon releases 19 new UFO videos
The Defense Department released a fourth batch of UFO files on Friday, nearly one month after its third drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
2,000-year-old gold rings and human bones found by archaeologists
Archaeologists have discovered eight human skeletons, bronze and gold jewelry and other artifacts indicating a ceremonial burial of wealthy people.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
The American innovation that made millions of others possible
From the lightbulb to the airplane, to medical breakthroughs and the internet age, the past 250 years have been defined by America's intrepid intellect.
Crime
More Crime
Apalachee High School shooting suspect set to change plea, documents show
Colt Gray is scheduled to appear in Barrow County Superior Court on July 24 for a plea hearing, court documents show.
Nolan Wells' parents speak out
Teen football player Nolan Wells was found dead on a Mississippi island days after he vanished during a July Fourth outing. Wells' parents are searching for answers, saying that they don't believe their son would have stayed behind on the island by choice.
Takeaways from weeklong Tyler Robinson hearing
The weeklong pre-trial hearing for the man accused of killing conservative activist Charlie Kirk wrapped up on Friday with the defense calling one final witness to the stand. CBS News legal contributor Jessica Levinson joins with analysis.
Indictments in White House UFC attack plot
Eight people have each been charged with conspiracy counts over a planned attack at the UFC event that was held at the White House in June. CBS News' Jake Rosen reports.
New details on Mexican man killed by ICE
New details are emerging about what led to Lorenzo Salgado Araujo's death. The Mexican man was wrongfully shot and killed by U.S. Immigration and Customs Enforcement agents during a traffic stop in Houston, Texas. Shawna Mizelle has the latest.
Space
More Space
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
NASA astronauts operate on space station's broken robot arm
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Latest Galleries
More Latest Galleries
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.
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.
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.
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
More Latest CBS News Videos
Latest CBS News Videos
7/11: CBS Saturday Morning
Hundreds were rescued from flooding in Missouri. President Trump threatened to "decimate and destroy" Iran if they try to assassinate him. Plus, Barstool Sports' Dave Portnoy sat down with Kelly O'Grady to discuss his new book.
Witnesses of ICE killing dispute DHS account
Eyewitnesses say Lorenzo Salgado Araujo did not threaten ICE agents before he was shot and killed during a vehicle stop, an attorney said, contradicting an agent's account. The Department of Homeland Security said that officers were looking for a different person when they stopped Salgado Araujo's vehicle.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Trump vows revenge if Iran tries to kill him
President Trump threatened to "decimate and destroy" Iran if they try to assassinate him. This comes as the U.S. and Tehran continue negotiations. Here's what to know about where things stand.
Trying extreme baseball stadium snacks
Baseball season is in full swing, and millions of fans are dreaming about their team winning -- and their favorite bleacher grub. Here are the most extreme eats and the creative combos that knock it out of the park.