Here's how much more you need to spend to maintain your living standard
Compared with 2021, the typical household must spend an additional $11,434 annually just to maintain their standard of living, analysis shows.
Inflation
Red Lobster's cheap "endless shrimp" offer chewed into its profits
Red Lobster added all-you-can-eat shrimp to its menu. Then it realized how much Americans can eat.
U.S. economy growing faster than expected
The U.S. gross domestic product — the broadest measure of economic activity — grew a revised 5.2% in the third quarter of 2023. That's the highest quarterly GDP growth in nearly two years, according to the Bureau of Economic Analysis. Reade Pickert, Federal Reserve editor for Bloomberg, joins CBS News to unpack the state of the economy.
Biden announces efforts to ease inflation
The Biden administration announced dozens of new measures Monday to boost manufacturing and cut down on supply chain issues with the overall goal of easing inflation. Courtenay Brown, an economics reporter for Axios, joined CBS News to discuss the moves.
Inflation is cooling, but most Americans say they haven't noticed
About 60% of American workers say their income has lagged inflation over the past 12 months, survey shows.
The U.S. economy is doing even better than the government thought
U.S. consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government reported.
Cyber Monday remains the biggest online shopping day of the year
Stressed consumers faced with pressure from inflation and credit card debt are relying on the lure of big deals to fuel their shopping.
Inflation is still on the menu at fast-food chains. Here's why.
Fast-food prices have gone up faster than groceries, with McDonald's seeing fewer low-income customers as a result.
The cities where the middle class is thriving — and struggling
The Bay Area is the best performing region within the U.S. for middle- and working-class families, according to a new analysis.
How to beat holiday stress and stay present
Ahead of the holiday season, a new survey finds Americans are feeling the strain from inflation, national and world affairs, and rising respiratory illnesses. CBS Newspath's Dina Demetrius shares some expert tips on how to tamp down the holiday stress and increase the joy.
Rate hike pause could be good for your 401(k)
An end to the interest rate hike cycle may be in sight with inflation cooling. Al Root, a senior writer at Barron's, breaks down how the rate hike pause could positively impact your retirement savings plans.
Many Thanksgiving staples cost more this year
CBS News takes a look at how the costs of turkey and all the fixings will affect Thanksgiving dinner plans. Jo Ling Kent reports.
Cost of groceries could go down in 2024
Agriculture experts say grocery store prices could ease up in the new year after a three-year surge. Sugar, coffee and corn are among the items predicted to get cheaper, according to a new report from Rabobank. Dominick Reuter, a senior reporter for Insider, joined CBS News to discuss the report.
Inflation raises prices of Thanksgiving staples
While the price of turkey has dropped compared to last year, many other Thanksgiving classics have seen their prices rise significantly, as inflation continues to take a toll on the economy. Jo Ling Kent has details.
Book poses solutions to global "permacrisis"
The new book "Permacrisis: A Plan to Fix a Fractured World" examines the crises facing the globe -- and how to solve them. Nobel Laureate and co-author Michael Spence joins CBS News to explain.
Why buying groceries should be less painful in the months ahead
In a boon for consumers, falling commodity prices are likely to bring down the cost of sugar, coffee, corn and soybeans.
Recession fears eased by latest PPI report
Wholesale prices fell half a percentage point last month, according to the latest Producer Price Index report, signaling a possible ease in inflation. Greg Robb, a senior reporter and economics editor for MarketWatch, joined CBS News to discuss the numbers.
How Fed may respond to low October inflation
The Labor Department says the rate of inflation — which measures how much prices are rising — fell to 3.2% in October. Frances Stacey, director of strategy at Optimal Capital, joins CBS News to discuss what this means for your wallet and the country's financial outlook.
Inflation flattens in October: CPI report
Inflation eased in October amid lower prices for gasoline and cars, according to a report from the Labor Department on Tuesday. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joined CBS News to discuss the CPI report.
Inflation eased in October as prices for gasoline and cars cooled off
Prices across the U.S. rose 3.2% compared with a year earlier, slightly below economists' forecasts.
Economy is a 2024 election top voter priority
The economy is the issue voters most care about when thinking ahead to the 2024 presidential elections, according to a CBS News poll. CBS News correspondent Lana Zak met with Georgia voters who are divided on the state of the economy.
Young voters to impact the 2024 elections
According to a CBS News poll, more than half of young voters definitely will vote in 2024, and only 7% say they will likely not vote. CBS News correspondent Lana Zak spoke to three young voters who pointed toward issues, and not political parties, that are influencing their votes.
What happens if GOP field keeps shrinking?
A CBS News poll is giving us a better sense of what could happen if the Republican presidential field continues to consolidate. CBS News deputy director of elections and data analytics Kabir Khanna explains.
Voters wary of economy despite positive signs
The economy is set to be a hot-button issue ahead of the 2024 presidential election. CBS News' Lana Zak spoke with people in Baldwin County, Georgia, to see how inflation is affecting daily life and how the state of the economy could influence their vote.
Prices of some Thanksgiving dinner items drop
A new report from Wells Fargo has found that turkey prices are down 9% this year, while the price of cranberries are up 20%.
Sen. Lindsey Graham's cause of death was aortic dissection, medical examiner says
President Trump paid tribute to the late senator, who was reportedly scheduled to do an interview on Sunday.
Live
Trump orders new strikes "to hold Iranian forces accountable," CENTCOM says
U.S. forces conducted more rounds of strikes on Iran this week, one of which was in retaliation for an attack on a commercial ship in the Strait of Hormuz, the Pentagon said.
McConnell says he was "briefly unconscious," had pneumonia in health update
Sen. Mitch McConnell released a statement on his health on Sunday along with a photo of himself and his wife, Elaine Chao, after questions swirled about his condition.
Keystone Pipeline operator agrees to pay $26.9 million over 2022 spill
A proposed settlement with the U.S. government would require the Keystone Pipeline system's operator to pay $26.9 million over a 2022 oil spill in Kansas.
Changing conditions cause expanded evacuation orders for Ferris Fire
Colorado officials expanded mandatory evacuation orders for residents near the Ferris Fire as conditions continued to change on Sunday.
How white supremacists staged the only successful coup in U.S. history
In 1898, Wilmington, N.C., was prosperous and integrated. But white supremacists took back control of the city's multi-racial government at gunpoint, and killed scores of Black residents - a little-known story retold in Lauren Collins' "They Stole a City."
Ukraine's prime minister resigns; Zelenskyy shifts several government roles
Ukrainian Prime Minister Yulia Svyrydenko has stepped down as President Volodymyr Zelenskyy announced fresh changes to Ukraine's government.
At least 27 killed in Bangkok beer pub after fire broke out, authorities say
Footage shared online by first responders shows a huge blaze raging and plumes coming out of the front door of the Na Ladprao pub in the northern part of the Thai capital.
Margaret Brennan: I spoke with Lindsey Graham a day before he died
Fierce Ukraine supporter Lindsey Graham passed away Saturday on the heels of his tenth trip to the warzone, and at a key moment for one of the Republican senator's proudest accomplishments.
U.S.
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Full transcript of "Face the Nation with Margaret Brennan," July 12, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Republican Sen. Tim Scott remembers Lindsey Graham, and Israeli Ambassador Michael Leiter and retired Gen. Frank McKenzie discuss the Iran war.
McConnell says he was "briefly unconscious," had pneumonia in health update
Sen. Mitch McConnell released a statement on his health on Sunday along with a photo of himself and his wife, Elaine Chao, after questions swirled about his condition.
Keystone Pipeline operator agrees to pay $26.9 million over 2022 spill
A proposed settlement with the U.S. government would require the Keystone Pipeline system's operator to pay $26.9 million over a 2022 oil spill in Kansas.
Turner says he hopes Senate will pass Russia sanctions as part of Lindsey Graham's legacy
GOP Rep. Mike Turner of Ohio said that he's hopeful the Senate will soon pass a Russia sanctions bill as "one of the legacies" of Sen. Lindsey Graham, who died suddenly Saturday.
58 million under heat alerts as extreme temperatures scorch western U.S.
Heat alerts were issued for millions across parts of the western U.S. Sunday as an unusually prolonged heat dome reached its peak.
MoneyWatch
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High energy costs from Iran war heighten pressure on struggling farmers
As the agriculture industry in Louisiana contends with major energy cost hikes brought on by the Iran war, some farmers are unsure if their businesses will survive.
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.
Politics
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Full transcript of "Face the Nation with Margaret Brennan," July 12, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Republican Sen. Tim Scott remembers Lindsey Graham, and Israeli Ambassador Michael Leiter and retired Gen. Frank McKenzie discuss the Iran war.
McConnell says he was "briefly unconscious," had pneumonia in health update
Sen. Mitch McConnell released a statement on his health on Sunday along with a photo of himself and his wife, Elaine Chao, after questions swirled about his condition.
Transcript: Rep. Mike Turner on "Face the Nation with Margaret Brennan," July 12, 2026
The following is the transcript of an interview with Republican Rep. Mike Turner of Ohio that aired on "Face the Nation with Margaret Brennan" on July 12, 2026.
Transcript: Rahm Emanuel on "Face the Nation with Margaret Brennan," July 12, 2026
The following is the transcript of an interview with former White House chief of staff and Chicago Mayor Rahm Emanuel that aired on "Face the Nation with Margaret Brennan" on July 12, 2026.
Transcript: Michael Leiter on "Face the Nation with Margaret Brennan," July 12, 2026
The following is the transcript of an interview with Israeli Ambassador to the U.S. Michael Leiter that aired on "Face the Nation with Margaret Brennan" on July 12, 2026.
HealthWatch
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New Jersey works to destroy firefighting foam laced with cancer-linked PFAS
New Jersey is one of more than a dozen states that are working to collect, remove and destroy all of their aqueous film-forming foam.
Departments getting rid of firefighting foam
Fire departments across the U.S. are changing how they extinguish fires. For decades, they used foam that contained so-called "forever chemicals" that are now linked to cancer. More than a dozen states are now working to collect, remove and destroy all of it. Mark Strassmann has more.
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.
World
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At least 27 killed in Bangkok beer pub fire, authorities say
Footage shared online by first responders shows a huge blaze raging and plumes coming out of the front door of the Na Ladprao pub in the northern part of the Thai capital.
Archaeologists uncover 3,000-year-old tomb near Egypt's Luxor
The burial site was identified as belonging to a man named Paser based on inscriptions.
Transcript: Rep. Mike Turner on "Face the Nation with Margaret Brennan," July 12, 2026
The following is the transcript of an interview with Republican Rep. Mike Turner of Ohio that aired on "Face the Nation with Margaret Brennan" on July 12, 2026.
Ukraine's prime minister resigns; Zelenskyy shifts several government roles
Ukrainian Prime Minister Yulia Svyrydenko has stepped down as President Volodymyr Zelenskyy announced fresh changes to Ukraine's government.
Transcript: Rahm Emanuel on "Face the Nation with Margaret Brennan," July 12, 2026
The following is the transcript of an interview with former White House chief of staff and Chicago Mayor Rahm Emanuel that aired on "Face the Nation with Margaret Brennan" on July 12, 2026.
Entertainment
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Entertainment
7/12: Sunday Morning
Hosted by Tracy Smith. Featured: The only successful coup in U.S. history; Behind the scenes of "The Pitt"; Trump's monumental reimagining of Washington, D.C.; singer-songwriter Gracie Abrams; "Take Me Home, Country Roads"; and a Tuscany tradition: wine barrel races.
Milepost: David Attenborough
This week, British documentarian Sir David Attenborough, who turned 100 years old in May, broke the record for oldest nominee for a Primetime Emmy Award, earning two nominations this year.
Grace notes: Art as a reverie of gentle sounds
French artist and composer Céleste Boursier-Mougenot's "Clinamen," at the Park Avenue Armory in New York City, is a mesmerizing installation in which porcelain bowls floating in giant basins of water collide, producing chiming sounds that reverberate in the 55,000-square-foot hall, to foster a state of grace. Tracy Smith reports.
Behind the scenes of "The Pitt"
The Emmy-winning HBO Max drama "The Pitt" immerses viewers in the hour-by-hour struggles faced by the overworked-yet-superhuman emergency room staff at the fictional Pittsburgh Trauma Medical Center. CBS News chief medical correspondent Dr. Jon LaPook visits the series' hyper-realistic set at Warner Brothers Studios in Burbank, Calif. (where cast members undergo a two-week medical boot camp), and talks with star, writer, director and executive producer Noah Wylie about why the former "ER" actor returned to the medical drama genre. (The series just received 25 Emmy nominations, including Outstanding Drama Series, the most of any program.) [Originally broadcast Jan. 4, 2026.]
Passage: In memoriam
"Sunday Morning" remembers some of the notable figures who left us this week, including "Mary Hartman, Mary Hartman" actress Louise Lasser, and singer Bonnie Tyler, best known for "Total Eclipse of the Heart."
Technology
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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
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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
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Kansas woman convicted of double murder after three trials
Mike Sisco and his girlfriend Karen Harkness were gunned down in her Topeka, Kansas, home in 2002. Authorities believed it was a crime of passion. Sisco's daughter set out to help prove it was her mother, Dana Chandler, who was responsible.
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.
Space
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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
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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.
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
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Latest CBS News Videos
Extreme weather affecting millions across U.S.
More than 58 million Americans under weather alerts Sunday as wildfires burn in the west and severe thunderstorms impact large swaths of the country. Carter Evans reports and Andrew Kozak takes a look at the forecast.
World Cup down to final four teams
The World Cup has reached its final week with just four teams remaining: France, Spain, England and Argentina. Shanelle Kaul reports.
Airport offers short stories for travelers
Travelers at Ontario Airport in California are getting a new way to kill time between flights. Joy Benedict reports.
Protests in Houston after fatal ICE shooting
Protests have been building in Houston after ICE officers killed a Mexican man who had lived in the U.S. more than 30 years. Local investigators and activists are still searching for video to explain what happened. Jason Allen reports.
U.S. launches another round of Iran strikes
CENTCOM said Sunday night that the U.S. is carrying out yet another round of attacks against Iran. Olivia Rinaldi reports.