Powell in Congress on inflation
Federal Reserve Chair Jerome Powell refused to testify in Congress on President Trump's remarks about the Fed's ability to lower interest rates. CBS MoneyWatch correspondent Kelly O'Grady reports.
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Federal Reserve Chair Jerome Powell refused to testify in Congress on President Trump's remarks about the Fed's ability to lower interest rates. CBS MoneyWatch correspondent Kelly O'Grady reports.
The consumer price index shows that inflation accelerated in January at a pace economists weren't forecasting, rising 3% on an annual basis and 0.5% monthly. CBS News MoneyWatch correspondent Kelly O'Grady reports.
President Trump on Monday ordered new tariffs on all steel and aluminum imports. Experts say some products could become pricier.
The first CBS News poll of President Trump's second term shows him with a significantly higher approval rating than he enjoyed his first time in office. CBS News executive director of elections and surveys Anthony Salvanto breaks down the numbers.
In September, Lamb Weston closed its Connell plant, citing a decrease in fast food sales spurred by inflation.
Inflation has come way down since June of 2022, when it hit 9.1%. But prices remain high, and that can have a big impact on a small town that depends on a single major employer. Jonathan Vigliotti reports from Connell, Washington.
70% of Americans say President Trump is doing what he promised in his campaign, whether they approve of his job or not, according to new CBS News polling. But a majority do say they like what they see. CBS News executive director of elections and surveys Anthony Salvanto dives into the numbers.
U.S. job growth in January was weaker than expected according to the latest Bureau of Labor Statistics data. CBS News MoneyWatch correspondent Kelly O'Grady explains what this means.
With grocery prices already more than 25% higher than five years ago, tariffs could spur increased costs for families already on a tight budget. Nancy Chen has more.
The White House levied new import duties on its three closest trading partners.
President Trump is an avowed supporter of tariffs, but many experts say such trade measures can boost inflation.
The "CBS News MoneyWatch Price Tracker" shows that a dozen eggs cost, on average, $4.15, compared to $2.51 a year ago, an increase of 65%. Hold onto your shopping carts because that number is expected to get even worse. Nancy Chen has more.
After three consecutive interest rate cuts, the Federal Reserve has decided to hit the pause button, citing a solid job market and stubborn inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more on the decision and President Trump's reaction.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
The Fed held off on another rate cut at its Jan. 29 meeting. Here's what it means for your finances.
On Wednesday, President Trump met with three House Republicans who kept their seats in districts that former Vice President Kamala Harris won. One of those lawmakers, Rep. Don Bacon of Nebraska, joins "America Decides" to unpack Trump's proposed tax cuts, as well as his own.
President Trump on Thursday threatened world leaders with tariffs at the World Economic Forum in Davos, Switzerland, if they don't make their products in the U.S. David Wessel, senior fellow in economic studies at the Brookings Institution, joins "America Decides" to examine Trump's remarks.
President Trump campaigned on the promise to bring down the U.S. cost of living. That could be easier said than done.
President Trump spoke at Capitol One Arena on Monday hours after taking the oath of office. Trump previewed his priorities for his second term and bashed his predecessor's policies.
President-elect Donald Trump is expected to issue a flurry of executive orders after returning to the White House on Monday. Political strategists Joel Payne and Kevin Sheridan join "America Decides" with analysis.
President-elect Donald Trump is set to inherit inflation at a 5-month high. According to the Labor Department, consumer prices rose 2.9% year-over-year and 0.4% month-over-month in December, the largest gains in overall prices in months. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to break down the new numbers.
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The latest consumer price index report shows inflation rose 2.9% year-over-year in December, marking three months of consecutive increases. Experts are warning of delays in interest rate cuts and possibly even rate hikes. CBS News MoneyWatch correspondent Kelly O'Grady has more.
U.S. wholesale inflation rose 0.2% last month on higher energy prices.
President Biden says he thinks he could have beaten President-elect Donald Trump in the 2024 election. However, in an interview with USA Today, Biden also admitted he isn't sure he'd have the stamina to serve four more years. Author and political analyst Chris Whipple joins "America Decides" to unpack Biden's comments.
Four former presidents were at the World Trade Center memorial site for 9/11 commemorations, while President Trump spoke at the Pentagon.
The CIA released 71 reports from the months and years leading up to 9/11, providing a new look at what the spy agency told two presidents before the deadly strikes.
An American Airlines reservations agent who took Betty Ong's historic 9/11 call recalls the flight attendant's bravery.
A Navy sailor who was still on active duty as of this week appeared at the Republican midterm convention on Thursday.
Saudi Crown Prince Mohammed bin Salman has personally pressed President Trump to take military action against the Iran-backed Houthis, sources tell CBS News.
A mistrial was declared in the murder trial of Lindsay Clancy after jurors could not reach a unanimous decision. One of the jurors shares details on their deliberations in an interview with Gayle King.
The moves by the Houthis make it easier for the Iran-backed rebels to target ships transiting the crucial Bab el-Mandeb Strait for Saudi Arabian oil exports.
Investors believe the Fed will raise borrowing costs as it works to tame inflation, which has risen a full percentage point since the Iran war started.
The Metro Nashville Airport Authority board voted 6-0 on Friday to begin the process of changing the name and said a final name has not been chosen.
The wildfire, which has torn through Palo Pinto and Jack counties, forced evacuations, closed roads and disrupted schools.
The CIA released 71 reports from the months and years leading up to 9/11, providing a new look at what the spy agency told two presidents before the deadly strikes.
The adjustment could provide financial relief for taxpayers who find that more of their income is taxed at lower rates, a Bloomberg analysis suggests.
The Metro Nashville Airport Authority board voted 6-0 on Friday to begin the process of changing the name and said a final name has not been chosen.
Some workers are seeing stronger wage growth by switching jobs, while others are "job-hugging" because of AI, research shows.
The adjustment could provide financial relief for taxpayers who find that more of their income is taxed at lower rates, a Bloomberg analysis suggests.
Some workers are seeing stronger wage growth by switching jobs, while others are "job-hugging" because of AI, research shows.
Investors believe the Fed will raise borrowing costs as it works to tame inflation, which has risen a full percentage point since the Iran war started.
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.
The official 2027 COLA will be announced on Oct. 14, but some senior citizens' groups are already forecasting the benefits bump retirees can expect.
The CIA released 71 reports from the months and years leading up to 9/11, providing a new look at what the spy agency told two presidents before the deadly strikes.
A Navy sailor who was still on active duty as of this week appeared at the Republican midterm convention on Thursday.
Saudi Crown Prince Mohammed bin Salman has personally pressed President Trump to take military action against the Iran-backed Houthis, sources tell CBS News.
An Afghan permanent resident living in Texas has been deported after the Justice Department accused her of being an "alien terrorist," in the first such case of its kind.
One Canadian whiskey maker has found a workaround to Trump's Canadian alcohol ban.
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.
Neither infant was old enough to be vaccinated. The first dose of the measles vaccine is typically given at around 1 year of age.
Amid a national blood supply crisis, Dr. Courtney Lawrence sat down with Norah O'Donnell to talk about donating blood, health myths and more.
Children in immigrant families are facing multiple health threats from President Trump's policies.
New York City officials released thousands of previously unseen documents questioning the air quality at Ground Zero following the 9/11 attacks.
The men, who were arrested in the South African city of Cape Town in 2021, are set to be handed over to officials from the FBI.
Saudi Crown Prince Mohammed bin Salman has personally pressed President Trump to take military action against the Iran-backed Houthis, sources tell CBS News.
Once shunned over its extremist roots, the Sweden Democrats could enter government for the first time as voters weigh immigration, crime and Sweden's political transformation.
One of the women told police that she took the job for the money and because "I was attracted by the fact I could go to Japan for free," Nippon TV reported.
The moves by the Houthis make it easier for the Iran-backed rebels to target ships transiting the crucial Bab el-Mandeb Strait for Saudi Arabian oil exports.
The Metro Nashville Airport Authority board voted 6-0 on Friday to begin the process of changing the name and said a final name has not been chosen.
Dolly Parton's younger sister sat down with Gayle King for a conversation that included Dolly's makeup routine and her decades-long love affair with her husband Carl.
Sandra Bullock and Lee Pace sat down with Adriana Diaz to discuss "Practical Magic 2," which premieres Friday.
Stella Parton gives insight into her sister Dolly Parton's marriage, makeup habits and views on death in an exclusive CBS News interview.
Dolly Parton's sister, Stella, sits down with Gayle King for her first interview since Dolly's death to discuss her sister's legendary life. Stella Parton says the country star was "definitely prepared" and at peace when she died last month.
A number of tech insiders have voiced concerns and given dire warnings in recent days about the rapid growth of AI. CBS News' Jo Ling Kent and Maya Blackstone have more.
Some tech insiders are sounding the alarm on the dangers of artificial intelligence, which could be used to disable critical infrastructure or create biological weapons. Dr. Céline Gounder weighs in.
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.
Two tech insiders are sounding the alarm on artificial intelligence. Former Anthropic researcher Jacob Coxon warns that AI could "kill us all," and now former Google DeepMind researcher Alex Turner warns that society is "just not prepared."
The development of AI "doesn't look that different from say, 'Terminator,' or from science fiction films," Jacob Coxon said.
Paleontologists have identified the first known trackway made by a full-grown Tyrannosaurus rex, and the discovery was made in the North Dakota badlands.
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.
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'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.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
The men, who were arrested in the South African city of Cape Town in 2021, are set to be handed over to officials from the FBI.
One of the women told police that she took the job for the money and because "I was attracted by the fact I could go to Japan for free," Nippon TV reported.
A juror in Lindsay Clancy's murder trial joined "CBS Mornings" to talk about the makeup of the jury, revealing the holdout juror was a Black man. She described her thought process during deliberations and revealed details of what happened behind closed doors.
The trial of Khalid Sheikh Mohammed and three other alleged 9/11 plotters is scheduled to begin in June 2028.
"Daughters of 9/11," a new documentary airing on CBS on Friday, follows two women who lost their fathers in the attacks and are demanding alleged mastermind Khalid Sheikh Mohammed be held accountable. Their journey leads them to Retired FBI Special Agent Frank Pellegrino, who spent more than a decade hunting for Mohammed and eventually questioned him. Pellegrino joins "The Takeout" to discuss.
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
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.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
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, 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.
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 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.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Dr. Courtney Lawrence, a board-certified blood donation and transfusion doctor, shared her thoughts on Elizabeth Holmes' now-defunct company Theranos and its promise to transform complex blood testing. Lawrence shared why she was immediately skeptical of the concept with Norah O'Donnell on "Healthful."
Longtime CBS News national security correspondent David Martin arrived at the Pentagon on Sept. 11, 2001, around 10 minutes after a plane crashed into the building. Martin joins to reflect on that day 25 years later.
George W. Bush said that he instantly became a wartime president after the attacks on Sept. 11, 2001. Presidential historian Doug Brinkley reflects on how America and the role of the chief executive have changed since that day.
The Stratos project, which could become the biggest data center campus in the United States, is facing backlash from residents of the Utah county where it's being built. CBS News reporter Riley Callanan has more.
Nancy Re, a New York teacher who learned to compose lessons for students about the Sept. 11, 2001, terrorist attacks, joins CBS News to discuss how she approaches the subject.