Paying the price of vacation inflation
As millions gear up to travel this Memorial Day, the price of travel is hitting many in the wallet. Kris Van Cleave looks at what is driving vacation inflation.
Inflation
5/16: America Decides
President Biden, congressional leaders hold second debt ceiling meeting; How Pennsylvania races could set the stage for party control shifts.
5/23: America Decides
Debt solution not yet set as deadline approaches; Scott widens GOP 2024, is DeSantis or Suarez next?
Washington leaders work to prevent debt default
The White House and Republican congressional leaders are continuing to negotiate in an effort to prevent an unprecedented debt default, which could happen as soon as next week. House Democrats have signed a petition to raise the debt ceiling.
McCarthy, Biden still far apart in debt talks
House Speaker McCarthy said Tuesday that he and President Biden are "nowhere close" to a deal on raising the debt limit. Negotiators continue to meet as the default deadline approaches. Nikole Killion has more.
Biden, McCarthy meet on debt ceiling
President Biden and House Speaker Kevin McCarthy met about the debt ceiling at the White House less than two weeks before the default deadline. CBS News senior White House and political correspondent Ed O'Keefe and CBS News congressional correspondent Nikole Killion report.
Inflation puts Americans in financial strain
A new Gallup poll finds 61%, or three out of five Americans, are suffering financial strain as a result of rising prices. Nearly half of those polled described the hardship as moderate. But 15% say the price increases have severely affected their ability to maintain their standard of living. Dana Peterson, the chief economist for the business research organization The Conference Board, joined CBS News with more.
Still no deal on debt limit
President Biden and congressional leaders met again Tuesday, but still have not reached a deal on raising the debt limit. Treasury Secretary Janet Yellen warns the U.S. may not be able to pay its bills as early as June 1. Ed O'Keefe reports.
Retail earnings show mixed results
Stocks closed in the green Wednesday, as investors react to the debt ceiling negotiations and new earnings data. Wall Street Journal markets reporter Hannah Miao joined CBS to explain what the information means for investors and consumers.
The class of 2023 is entering the strongest job market in 70 years
With the youth unemployment rate at a 70-year low, this year's crop of new graduates is likely to have an easier time getting hired.
Consumer debt passes $17 trillion
Stocks closed relatively flat as investors reacted to new consumer debt and mortgage data. Sanders Morris Harris chairman George Ball spoke with CBS News about what the numbers mean for investors and the economy.
Biden announces nominees to fill out the U.S. Federal Reserve
President Biden is hoping to stack the Central Bank with its top governors as it continues working to stem inflation.
Regional bank stocks tumble
The Dow Jones ended the day in the red Thursday, as investors react to new consumer price index and producer price index data. Opus: Advice First CEO Nancy Daoud spoke with Lana Zak and Errol Barnett about what the new numbers mean for the economy.
Inflation falls to level not seen since 2021
Inflation is down to 4.9% - its first time below 5% since 2021. John Leer, chief economist at Morning Consult, joins to discuss how the Federal Reserve could respond.
Italy calls a crisis meeting over surging pasta prices
Italian officials are investigating why macaroni prices have risen by more than twice the rate of the country's overall inflation.
New economic data signals easing inflation
Economic data released Thursday shows that U.S. wholesale price increases decelerated in April and unemployment claims increased in the week ending May 6. Meanwhile, Treasury Secretary Janet Yellen warns that if the U.S. defaults on its debt, it could threaten the global economy. Jeanna Smialek, a Federal Reserve and economy reporter at the New York Times, joins CBS News to discuss.
Investors react as inflation slows
Stocks closed relatively flat Wednesday following the release of Consumer Price Index data for April. Wells Fargo senior global markets strategist Scott Wren joins CBS News to explain what the new inflation numbers mean for consumers and investors.
Starbucks customers peeved at new $1 charge for "no water" drinks
Coffee chain says the charge is necessary because the cold juice drinks are more expensive to make when not diluted.
Inflation cools to 4.9% in April
New data released Wednesday by the Bureau of Statistics showed inflation cooled to an annual rate of 4.9% in April, but is still short of the Federal Reserve's goal of 2%. Betsey Stevenson, professor of public policy and economics at the University of Michigan, joined CBS News to discuss whether this report is in line with what economists predicted, and what to expect from housing costs.
Consumer Price Index up 0.4% in April
The Consumer Price Index shows inflation rose 0.4% between March and April. Prices rose 4.9% year-over-year. Axios managing editor for business and markets and CBS News contributor Javier David discusses what this means for the economy with Anne-Marie Green and Vlad Duthiers.
Inflation rate falls below 5% for first time since June 2021
Prices rose at the slowest rate in two years amid the Federal Reserve's ongoing series of interest rate hikes.
Investors monitoring debt ceiling, inflation data
Stocks closed flat Tuesday as investors await an agreement on the federal debt ceiling and new economic data on inflation. AlphasFuture founder and investment manager Geetu Sharma joined CBS News to discuss what the new information will mean for investors.
Food inflation is easing. Here's where shoppers can get a break.
Grocery costs are rising at a slower pace, with some food items actually dipping.
Markets, money and Americans' mental health
Stocks closed flat Monday as investors await new data on consumer and producer prices. Bankrate senior industry analyst Ted Rossman joins CBS News to discuss the markets as well as a new survey on personal finances and mental health.
Corporate profits could be fueling inflation
Some companies are raising prices faster than costs are increasing, fueling inflation. CBS News' Tony Dokoupil and Errol Barnett are joined by Wall Street Journal reporter Paul Hannon with more.
Live
Peace deal with Iran has been "largely negotiated," Trump says
Following a call with several Middle Eastern leaders, President Trump said that a peace deal with Iran had been "largely negotiated."
Gunman killed after opening fire on Secret Service checkpoint outside White House
A bystander was also wounded, but no Secret Service officers were injured, officials said. President Trump was in the White House at the time of the incident.
Douglas McCain, the eldest son of Sen. John McCain, dies at 66
Douglas McCain, the eldest son of the late Sen. John McCain, has died, his family announced. He was 66.
Newsom declares state of emergency for California chemical leak as officials seek solutions
Southern California officials are desperately searching for a safe resolution to a leaking toxic chemical tank at an aerospace facility.
2 dead, dozens wounded after Russia launches large attack on Ukraine
Russia used a powerful hypersonic missile that has nuclear capabilities to carry out a massive attack Sunday in Kyiv, Ukraine.
24 killed, dozens more injured in suicide bombing in Pakistan
Prime Minister Shehbaz Sharif called the attack a "cowardly act of terrorism" on social media.
Second Ebola treatment center set on fire in epicenter of disease's outbreak
Angry residents of a town at the epicenter of the Ebola outbreak in eastern Congo attacked and burned a tent that was part of a health center where people are being treated for the virus.
Iran moving World Cup training base from U.S. to Mexico
Iran had been scheduled to train in Tucson, Arizona, but it will now move its training base to Tijuana, Mexico, just south of San Diego.
Why Kouri Richins jurors decided Utah mom was a killer
At Kouri Richins' sentencing for the murder of Eric Richins, her husband and father of their three sons, she declared her innocence to the court and to her children. But for jurors on the case, the evidence told a different story.
U.S.
More U.S.
Celebrating most prestigious, and junkers, of automobile world
In California, the Pebble Beach Concours d'Elegance is widely considered the most prestigious car show in the world. But just a few miles away, the Concours d'Lemons celebrates the junkers of the automotive world.
Douglas McCain, the eldest son of Sen. John McCain, dies at 66
Douglas McCain, the eldest son of the late Sen. John McCain, has died, his family announced. He was 66.
Recipe: Lavender and lemon poppy seed cake from "Cake Picnic"
Elisa Sunga shares how to make lavender and lemon poppy seed cake in her cookbook, "Cake Picnic: Recipes for the Love of Cake & Friends."
Iran moving World Cup training base from U.S. to Mexico
Iran had been scheduled to train in Tucson, Arizona, but it will now move its training base to Tijuana, Mexico, just south of San Diego.
Why Kouri Richins jurors decided Utah mom was a killer
At Kouri Richins' sentencing for the murder of Eric Richins, her husband and father of their three sons, she declared her innocence to the court and to her children. But for jurors on the case, the evidence told a different story.
MoneyWatch
More MoneyWatch
AI is driving more job cuts and weighing on hiring, economists say
Economists say AI is reshaping the U.S. labor market by suppressing hiring even as overall job losses remain limited.
House lawmakers launch insider trading probe into Kalshi and Polymarket
Rep. James Comer is requesting information from Kalshi and Polymarket on how the prediction markets guard against insider trading.
Kevin Warsh sworn in as new Fed chair, replacing Powell
Kevin Warsh has vowed to preserve the Fed's independence over monetary policy, telling lawmakers he will never "predetermine" interest rates at the president's request.
This factor may determine whether you get rich. You don't control it.
Landing a good-paying job may not be enough to buy a home. A new study finds family wealth plays an outsized role in who becomes a homeowner.
Why Google's Gemini Spark AI agent could be a game changer
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
Politics
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Transcript: Lt. Col. William Swenson (Ret.) and Command Sergeant Major Matthew Williams (Ret.) on "Face the Nation with Margaret Brennan," May 24, 2026
The following is the transcript of the interview with retired Lt. Col. William Swenson and retired Command Sergeant Major Matthew Williams (Ret.) that aired on "Face the Nation with Margaret Brennan" on May 24, 2026.
Douglas McCain, the eldest son of Sen. John McCain, dies at 66
Douglas McCain, the eldest son of the late Sen. John McCain, has died, his family announced. He was 66.
Exclusive
Trump says U.S. is "getting a lot closer" to agreement with Iran
U.S. officials and negotiators were discussing a process to reopen the Strait of Hormuz, sources briefed on the conversations said.
Cruz says Blanche faced "full-on revolt" over DOJ fund at meeting with GOP senators
The GOP senator said the meeting included "screaming," adding that "fiery does not begin to cut it."
U.S. prepares for new military strikes against Iran
At the same time, Tehran is reviewing the latest U.S. proposal for a possible agreement to end the nearly three-month war.
HealthWatch
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Second Ebola treatment center set on fire in epicenter of disease's outbreak
Angry residents of a town at the epicenter of the Ebola outbreak in eastern Congo attacked and burned a tent that was part of a health center where people are being treated for the virus.
The latest details on the Ebola outbreak
Officials have increased the number of countries in Africa at risk for Ebola from three to 10. A third entry point is open for Americans traveling from certain high-risk countries back into the U.S. Holly Williams reports.
What to know about California chemical tank set to explode or leak
The tank at GKN Aerospace is estimated to contain 7,000 gallons of methyl methacrylate, a volatile chemical used to produce plastics.
Ebola kills 3 Red Cross workers in the Congo, organization says
The three workers, who fell ill in March and died in May, were "among the first known victims of the outbreak," the Red Cross said.
Teen's mystery illness solved: "It took 18 years to get an answer"
Lucia Adarve had a long list of symptoms that no one could diagnose. Her mother Lisa was determined to find an answer.
World
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Transcript: Lt. Col. William Swenson (Ret.) and Command Sergeant Major Matthew Williams (Ret.) on "Face the Nation with Margaret Brennan," May 24, 2026
The following is the transcript of the interview with retired Lt. Col. William Swenson and retired Command Sergeant Major Matthew Williams (Ret.) that aired on "Face the Nation with Margaret Brennan" on May 24, 2026.
2 dead, dozens wounded after Russia launches large attack on Ukraine
Russia used a powerful hypersonic missile that has nuclear capabilities to carry out a massive attack Sunday in Kyiv, Ukraine.
24 killed, dozens more injured in suicide bombing in Pakistan
Prime Minister Shehbaz Sharif called the attack a "cowardly act of terrorism" on social media.
Second Ebola treatment center set on fire in epicenter of disease's outbreak
Angry residents of a town at the epicenter of the Ebola outbreak in eastern Congo attacked and burned a tent that was part of a health center where people are being treated for the virus.
Iran moving World Cup training base from U.S. to Mexico
Iran had been scheduled to train in Tucson, Arizona, but it will now move its training base to Tijuana, Mexico, just south of San Diego.
Entertainment
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Entertainment
Ryan Bingham reflects on his music, TV career
Ryan Bingham's career spans decades and genres. He went from a 2009 awards season sweep with "The Weary Kind (Theme from Crazy Heart)" to starring as Walker in "Yellowstone." Bingham sat down with "CBS Saturday Morning" to reflect on his work and to discuss his latest project, "They Call Us The Lucky Ones," which he created in collaboration with The Texas Gentlemen.
Lamorne Morris steps into the Marvel universe
Lamorne Morris sits down with "CBS Saturday Morning" to discuss his career as he steps into the Marvel universe with Nicholas Cage for "Spider-Noir."
Ryan Bingham and The Texas Gentlemen perform "Relevance"
Ryan Bingham is an Oscar, Grammy, Golden Globe and Critics' Choice award-winning singer-songwriter who also played Walker in "Yellowstone." For his first album in seven years, Bingham teamed up with The Texas Gentlemen to create "They Call Us The Lucky Ones." Here's Ryan Bingham and The Texas Gentlemen performing "Relevance."
Ryan Bingham and The Texas Gentlemen perform "Let the Big Dog Eat"
Ryan Bingham is an Oscar, Grammy, Golden Globe and Critics' Choice award-winning singer-songwriter who also played Walker in "Yellowstone." For his first album in seven years, Bingham teamed up with The Texas Gentlemen to create "They Call Us The Lucky Ones." Here's Ryan Bingham and The Texas Gentlemen performing "Let the Big Dog Eat."
Ryan Bingham and The Texas Gentlemen perform "The Lucky Ones"
Ryan Bingham is an Oscar, Grammy, Golden Globe and Critics' Choice award-winning singer-songwriter who also played Walker in "Yellowstone." For his first album in seven years, Bingham teamed up with The Texas Gentlemen to create "They Call Us The Lucky Ones." Here's Ryan Bingham and The Texas Gentlemen performing "The Lucky Ones."
Technology
More Technology
CBS News poll finds most doubt government will ensure AI used appropriately
Amid concern about AI taking jobs, people see a range of motives by AI companies.
Ring founder on the Fire Watch feature
As thousands evacuate their homes in Southern California to flee the Sandy Fire, Ring doorbell and security cameras are helping residents and emergency crews stay informed and stay safe. Ring founder Jamie Siminoff joins CBS News to discuss the Fire Watch feature.
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.
Stanford student on how AI impacted his class
A recent opinion piece in The New York Times spotlighted the impact of artificial intelligence on the 2026 graduating class at one of the world's most prestigious universities. The author, Stanford student Theo Baker, joins to discuss.
Why Google's Gemini Spark AI agent could be a game changer
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
Science
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Science
What we know about new UFO file release
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
Atlantic hurricane season is coming up. Here's what NOAA predicts.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
El Niño could bring "double whammy" of high tide flooding, NOAA warns
The upcoming El Niño could trigger frequent and widespread flooding in coastal areas around the United States, even when storms aren't actively taking place, scientists warn.
Crime
More Crime
Why Kouri Richins jurors decided Utah mom was a killer
At Kouri Richins' sentencing for the murder of Eric Richins, her husband and father of their three sons, she declared her innocence to the court and to her children. But for jurors on the case, the evidence told a different story.
Possible shots heard from White House
Several shots were heard from the White House property on Saturday. Aaron Navarro reports from the location after Secret Service told him to get down immediately.
Lawyers shot outside North Carolina courthouse
In Raleigh, North Carolina, a woman's civil case turned into a criminal one after police said she shot two lawyers outside a courthouse. Both were hospitalized. Skyler Henry reports.
Ivey and Ellison on 6 years since Floyd murder
Six years after his murder in Minneapolis, and despite passing the House twice, the George Floyd Justice in Policing Act remains stalled in the Senate. Some lawmakers are hoping to change that. Democratic Rep. Glenn Ivey of Maryland and Minnesota Attorney General Keith Ellison join to reflect on the state of police reform.
Mosque attack was streamed online
The deadly attack at the Islamic Center of San Diego was streamed online, and at least three people watched as two teenagers attacked the facility filled with young students, CBS News' Anna Schecter reports.
Space
More Space
SpaceX launches more powerful Super Heavy-Starship rocket
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
SpaceX launch of more powerful Super Heavy-Starship rocket scrubbed at last minute
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
SpaceX to explore "the true nature of the universe" as it plans IPO
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
SpaceX launches cargo ship to International Space Station
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
NASA maps show Earth's brightest and darkest regions at night
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
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.
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?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Rubio: "Significant progress" in Iran talks
Secretary of State Marco Rubio said Sunday that "significant progress" had been made in peace talks with Iran, but not "final progress" after President Trump's call with leaders of several Arab and Muslim countries. Imtiaz Tyab has the latest from Tel Aviv.
Full interview: Swenson and Williams
Watch Margaret Brennan's full interview with Medal of Honor recipients Retired Army Lt. Col. William Swenson and retired Army Command Sergeant Major Matthew Williams, a portion of which aired on May 24, 2026.
Celebrating the best and worst cars
In California, the Pebble Beach Concours d'Elegance is an invite-only event celebrating the most valuable collector cars in the world. And just a few miles away, Concours d'LeMons is a once-a-year celebration of the less desirable, less loved and less expensive automobiles. Lee Cowan heads to both events — one that celebrates the best in show, and the other only a worst in show.
Open: "Face the Nation," May 24, 2026
This week on "Face the Nation with Margaret Brennan," as President Trump says a peace deal with Iran has been "largely negotiated," Imtiaz Tyab reports from Tel Aviv and Sen. Chris Van Hollen discusses the possible deal. Plus, on this Memorial weekend, Medal of Honor recipients retired Lt. Col. William Swenson and retired Master Sgt. Matthew Williams join.
Nature: Seals in Maine
We leave you this Sunday with seals (at rest) near Mount Desert Island in northern Maine. Videographer: Mauricio Handler.