Unemployment likely to surge this year, CBO says
U.S. debt is projected to almost double to $46.4 trillion in 2033, partly due to higher costs for Social Security.
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U.S. debt is projected to almost double to $46.4 trillion in 2033, partly due to higher costs for Social Security.
Painfully high inflation is putting even more pressure on Americans struggling to repay their college loans.
The Internal Revenue Service says it will not be collecting federal taxes against payments issued in several states last year to offset inflation. But, certain requirements are being imposed in some states. Rebecca Walser, president of Walser Wealth Management, joins CBS News' Lilia Luciano and Lana Zak to answer questions about the tax confusion.
The latest Consumer Price Index report shows inflation slowing overall, but the numbers in January were higher than anticipated. Lori Bettinger, the president of Bancalliance, joins CBS News to explain what the report means.
Lower-income Americans and seniors are among those hit hardest by stubbornly high grocery prices.
New data from the Bureau of Labor and Statistics shows while U.S. inflation grew at a 6.4% percent annual rate in January, down 0.1% from December. CBS News contributor and Axios managing editor of business and markets Javier David joined CBS News' Seth Doane and Anne-Marie Green to discuss this latest economic indicator.
Inflation rose at a 6.4% annual rate last month, driven by rising prices for housing and gasoline.
The stock market saw a sharp rise Monday ahead of the release of the January Consumer Price Index report, and as the last round of large companies prepare to release their 2022 fourth-quarter earnings. Landsberg Bennet Private Wealth Management chief investment officer Michael Landsberg joined CBS News to discuss what the developments mean for investors.
Americans watching Sunday's big game will spend less for meat and some other items for their Super Bowl parties this year.
Valentine's spending is expected to go up year-over-year as consumers expand their gift-giving to friends — and even pets.
The Dow Jones ended Wednesday in the red following President Biden's State of the Union address. Dan Geltrude, founder of accounting firm Geltrude and Company, joined CBS to discuss the economic impact of the speech.
Jared Bernstein, a member of the White House Council of Economic Advisers, joined CBS News to discuss the optimistic message in President Biden's State of the Union address and the state of the American economy.
Consumers are seeing an alarming rise in car insurance rates. According to a recent study, the average cost for full coverage is over $2,000 a year nationwide, an increase of nearly 14% from last year. Bankrate analyst Cate Deventer joined "CBS News Mornings" to discuss.
CBS News senior White House correspondent Weijia Jiang has some early excerpts from the president's State of the Union speech, plus details on who Mr. Biden has personally invited to Capitol Hill.
The latest jobs report shows the unemployment rate is at its lowest level in 50 years. Terry Haines, founder of Pangaea Policy, joined CBS News to discuss how President Biden could frame his administration's economic record.
President Biden is set to deliver his State of the Union address, facing new challenges from the Republican controlled House. CBS News chief Washington correspondent Major Garrett has more.
President Biden delivers his State of the Union address tonight. He is expected to discuss the U.S. debt ceiling as well as his administration's accomplishments, such as the bipartisan infrastructure deal and improvements in the unemployment rate. CBS News congressional correspondent Nikole Killion has a preview of what to expect, and the Congresswoman Rosa DeLauro, a Democrat from Connecticut, joins CBS News with her take on the key issues.
President Biden is set to deliver his State of the Union address Tuesday at 9 p.m. ET. CBS News chief White House correspondent Nancy Cordes joins "CBS News Mornings" to discuss what he's expected to talk about and what the address means for his potential reelection campaign.
Social Security recipients received their largest annual increase in decades last month, but some say it's still not enough to make ends meet amid inflation. Carter Evans has more.
"Our rent went up. Food goes up. So really we're not getting a raise. It evens out," said one retiree.
More than half a million jobs were created in January, nearly triple the expectations. Jobs in hospitality and leisure saw the biggest bump in last month's jobs report. But inflation is still stubbornly high. Carter Evans takes a look.
President Biden is highlighting January's job report after it soared past economists' predictions. Jeanna Smialek, a financial reporter at The New York Times, joins CBS News to discuss what the numbers mean for the state of the U.S. economy and future Fed moves.
The January jobs numbers crushed expert expectations, with more 517,000 new jobs being reported last month. In addition, the unemployment rate fell to its lowest level in more than 50 years. CBS News business analyst Jill Schlesinger has more.
Blistering job growth last month and weaker growth by large tech players are dragging markets lower.
Tech stocks and a surge for Facebook's parent company led the market higher as investors look past interest rate hikes.
President Trump, who called Tehran "unbelievably duplicitous," said the talks are the "last chance" for Iran to forge a deal and avoid an escalation.
"She folded like an umbrella," President Trump said of Jeanine Pirro, U.S. Attorney for the District of Columbia.
The Justice Department argued that the Jan. 6, 2021, rioters had until Jan. 6, 2023, to sue the federal government under the Federal Tort Claims Act, missing the deadline to file a lawsuit by over two years.
Investigators in the disappearance of Nancy Guthrie released two ransom notes, including one contradicting what the Arizona sheriff overseeing the case told CBS News.
President Trump said U.S. oil companies made "too much money" from high oil prices. "I'm not happy about it," he added.
The suspect, identified as 24-year-old Chad Williams, died from a self-inflicted gunshot wound, police said.
More than 700 buildings in the Spokane area have been destroyed, and another 400 have yet to be assessed, officials said Monday as three fires burned in the area.
GOP Sens. John Cornyn of Texas and Thom Tillis of North Carolina formally announced their support on Monday for Todd Blanche's nomination for attorney general.
Populist Abdul El-Sayed and Rep. Haley Stevens top the Democratic field going into Tuesday's Senate primary. Former Rep. Mike Rogers is running unopposed for the GOP nomination.
More than 700 buildings in the Spokane area have been destroyed, and another 400 have yet to be assessed, officials said Monday as three fires burned in the area.
The Justice Department argued that the Jan. 6, 2021, rioters had until Jan. 6, 2023, to sue the federal government under the Federal Tort Claims Act, missing the deadline to file a lawsuit by over two years.
Populist Abdul El-Sayed and Rep. Haley Stevens top the Democratic field going into Tuesday's Senate primary. Former Rep. Mike Rogers is running unopposed for the GOP nomination.
New U.S. tariffs are hurting consumers and businesses, California's attorney general said in filing suit to block levies on 60 countries.
The order asks AI companies to share previews of powerful new models with the government before they are released to the public.
New U.S. tariffs are hurting consumers and businesses, California's attorney general said in filing suit to block levies on 60 countries.
President Trump said U.S. oil companies made "too much money" from high oil prices. "I'm not happy about it," he added.
SpaceX will release its first earnings report as a public company on Tuesday in a key test for the company's stuttering stock price.
JPMorgan Chase said the investment will include financing for 1 million affordable housing units and assistance to 500,000 people in buying homes.
Nearly two-thirds of current and retired U.S. government workers said they wouldn't re-enter public service, according to a recent survey.
The Justice Department argued that the Jan. 6, 2021, rioters had until Jan. 6, 2023, to sue the federal government under the Federal Tort Claims Act, missing the deadline to file a lawsuit by over two years.
Populist Abdul El-Sayed and Rep. Haley Stevens top the Democratic field going into Tuesday's Senate primary. Former Rep. Mike Rogers is running unopposed for the GOP nomination.
The order asks AI companies to share previews of powerful new models with the government before they are released to the public.
President Trump said U.S. oil companies made "too much money" from high oil prices. "I'm not happy about it," he added.
"She folded like an umbrella," President Trump said of Jeanine Pirro, U.S. Attorney for the District of Columbia.
Two people have died of cyclosporiasis in Michigan, officials said Monday, as the state battles the worst outbreak of the disease in the country. Carter Evans has the details.
Two Michigan residents who had "significant underlying health conditions" have died after contracting cyclosporiasis, the Michigan Department of Health and Human Services said.
Rising premiums forced many people in Affordable Care Act plans to give up their coverage. But the Trump administration claims a huge drop in enrollment is almost entirely due to its fraud crackdown.
Megan Kaverman's weight gain, fatigue, high blood pressure and other symptoms were dismissed for years before she was diagnosed with a rare heart disease.
A federal judge sentenced the owner of a peptide company to nearly 6 years in prison for deceiving customers and selling products adulterated with steroids, citing a "trail of harm." Adam Yamaguchi reports.
At least two adults and four children were killed in the strike but the death toll could be higher as all the remains have not yet been formally identified.
It is believed that 30 to 40% of the 50 remains so far discovered at the site were children.
Morocco is blaming a massive surge of migrants into Ceuta on various factors, including "malicious exploitation of digital platforms" and the spread of misleading information.
President Trump, who called Tehran "unbelievably duplicitous," said the talks are the "last chance" for Iran to forge a deal and avoid an escalation.
Police say the suspect transported the body to an abandoned site in a suitcase and subsequently used her bank cards to withdraw money.
A social media trend encouraging users to share what they love about their favorite person is bringing light to TikTok and other platforms.
A representative for pop star Ariana Grande says the singer is planning to step out of the public eye after wrapping her ongoing Eternal Sunshine Tour amid "endless, ongoing public scrutiny." Grande has also dropped out of the London-based musical "Sunday in the Park with George," which is set to open next year.
At the box office, "Spider-Man: Brand New Day" swung to a massive $360 million in its domestic debut, making it the biggest opening weekend ever. Brooks Barnes, chief Hollywood correspondent for The New York Times, joins to discuss.
Designer John Galliano is known for his theatrical and dramatic designs, but his legacy is also marked by antisemitic and racist comments.
Actor Paul W. Downs talks with "CBS Mornings" about the final season of "Hacks" and reveals if there could be a spinoff of the popular series. Downs also describes what it was like to tell his co-star Meg Stalter that she was nominated for an Emmy Award.
The order asks AI companies to share previews of powerful new models with the government before they are released to the public.
Lauryn Williams, the deputy director and senior fellow of the Strategic Technologies Program at the Center for Strategic and International Studies, joins to discuss the U.S. probe into Iran possibly targeting water systems in Michigan and Minnesota.
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.
An artificial intelligence model that was being tested by OpenAI went rogue and hacked the firm Hugging Face on its own, in what Hugging Face CEO Clément Delangue called a "very weird and unprecedented" incident.
ChatGPT maker OpenAI revealed that its technology hacked into another AI company on its own during internal testing. Hugging Face CEO Clement Delangue, whose company was hacked, described the "very weird and unprecedented" incident in an interview on "Face the Nation with Margaret Brennan" -- and offered suggestions on how future incidents could be prevented.
The footage is believed to be only the fourth complete humpback whale birth ever recorded on film anywhere in the world and the first-ever captured by drone.
A photographer operating a drone off the coast of Australia captured a humpback whale giving birth. It's believed to be the first time such a birth has been recorded by a drone.
Science shows us that, even though plants don't have brains, they seem to have a nervous system that responds to touch in remarkable ways. Robert Krulwich and puppeteer Barnaby Dixon explore the science of thigmomorphogenesis (the phenomenon of plants reacting to outside stimulae), a discussion that plants the seeds for a song.
Nearly 30 beluga whales were sent to aquariums across the U.S. in a multinational emergency operation after their home aquarium in Canada shuttered. Jared Ochacher reports.
Elon Musk's aerospace company, SpaceX, launched its massive Starship rocket in its first test flight since the company went public. Since achieving the largest IPO in history, SpaceX's stock has dropped drastically. Mark Strassmann takes a look.
New information is coming out about the shooting at an In-N-Out restaurant in Idaho that killed three people over the weekend. CBS News' Lilia Luciano reports.
Investigators in the disappearance of Nancy Guthrie released two ransom notes, including one contradicting what the Arizona sheriff overseeing the case told CBS News.
Six months after Nancy Guthrie went missing, the Pima County, Arizona, sheriff has released two ransom notes, including one that claims Guthrie died "shortly after she was taken." Jonathan Vigliotti reports.
Officials say three people were killed and seven were injured in a shooting at an In-N-Out in Idaho over the weekend. Officials believe the shooter acted alone and are investigating possible motives. Lilia Luciano reports.
The investigation into Nancy Guthrie's disappearance is still "very active," Pima County Sheriff Chris Nanos said after two ransom notes were released. CBS News' Anna Schecter has more.
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
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.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
A social media trend encouraging users to share what they love about their favorite person is bringing light to TikTok and other platforms.
A representative for pop star Ariana Grande says the singer is planning to step out of the public eye after wrapping her ongoing Eternal Sunshine Tour amid "endless, ongoing public scrutiny." Grande has also dropped out of the London-based musical "Sunday in the Park with George," which is set to open next year.
At the box office, "Spider-Man: Brand New Day" swung to a massive $360 million in its domestic debut, making it the biggest opening weekend ever. Brooks Barnes, chief Hollywood correspondent for The New York Times, joins to discuss.
Health officials in Michigan have reported two deaths related to a nationwide cyclosporiasis outbreak. CBS News correspondent Carter Evans has the latest.
New information is coming out about the shooting at an In-N-Out restaurant in Idaho that killed three people over the weekend. CBS News' Lilia Luciano reports.