Here's when the 8.7% Social Security hike will arrive in 2023
Seniors and other recipients are getting the biggest bump since 1981. But tax and Medicare issues may complicate things.
Inflation
Holiday budgeting amid inflation
Although inflation has shown signs of easing, many families are still feeling the pinch. But inflation does not have to be the Grinch that steals Christmas this year. Nancy Chen has more on different ways to budget.
Stocks fall for fifth straight trading day
Stocks fell for a fifth straight trading day on Monday after the Federal Reserve last week raised its forecast of how long interest rates have to stay elevated to cool inflation. Frances Stacy, director of strategy at Optimal Capital, joined CBS News' Lilia Luciano to discuss.
Consumers watching holiday spending
Inflation is coming down in the U.S., and gas prices dropped more than 50 cents in the last month. But November's retail sales were the biggest decline this year. Worrisome to retailers: shoppers spent less in holiday categories: electronics, clothing, toys. Mark Strassmann reports.
As Fed hikes interest rates, home prices dip
Home prices are on a decline as the Federal Reserve continues to raise interest rates to tame inflation. Skylar Olsen, chief economist at Zillow, joined CBS News' Catherine Herridge to discuss how rising interest rates are affecting the housing market and what homeowners and home buyers should do.
Stocks fall on recession fears, marking 2nd straight weekly loss
The central bank signaled rates will likely remain higher over the coming few years than it had previously anticipated.
Troubles for U.K. economy
Labor strikes, rising costs of living and inflation rate hikes are weighing on U.K. consumers as the holiday season approaches. CBS News foreign correspondent Ramy Inocencio joined Vladimir Duthiers and Errol Barnett to discuss.
Agriculture secretary discusses rising food prices
As food prices continue to rise, farmers are struggling to stay afloat. U.S. Secretary of Agriculture Tom Vilsack joins CBS News' "Prime Time" to discuss the issue.
Stocks drop after rate hike, weak sales data
Stocks on Wall Street plunged Thursday, a day after the Federal Reserve announced yet another interest rate hike. Megan Greene, senior fellow at Brown University, and the global chief economist for the Kroll Institute, joins CBS News' "Prime Time" to discuss the state of the economy.
Managing your checking account
CBS MoneyWatch reporter Megan Cerullo joins CBS News to share tips for managing checking accounts as interest rates rise.
High interest rates hinder home buyers
The Federal Reserve raised interest rates again as it tries to ease inflation. Tanya Rivero takes a look at what it means for the housing market.
Fed chair says rate cuts unlikely in 2023
The Federal Reserve boosted its benchmark interest rate by 0.5 percentage point, marking its seventh consecutive hike this year. David Wessel, the director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, joined John Dickerson to discuss the Fed's efforts to bring inflation down.
Inflation slows more than expected
Inflation slowed sharply in November, continuing a gradual decline since price hikes peaked across the U.S. this summer. Ed O'Keefe reports.
Fed hikes key interest rate for seventh time this year
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Stocks fall following latest rate hikes
The Federal Reserve raised interest rates by half a point Wednesday, and the Dow Jones Industrial Average index fell following the announcement before briefly spiking when Fed Chairman Jerome Powell said that he wouldn't rule out the prospect of a soft landing. J.D. Durkin, host of "TheStreet," joined CBS News to look back on the Fed's work in 2022 and discuss what Americans should expect in the coming year.
Tackling student loans amid high interest rates
Concerns over rising interest rates and inflation are weighing on many parents and students as they consider taking out loans for college. Ann Berry, founder of Threadneedle Ventures, joined CBS News' Lana Zak and Errol Barnett to discuss how to approach the important decision.
Americans say holiday gifts harder to afford, poll shows
Punishing inflation is forcing many people to economize this holiday season, while some are skipping gifts altogether.
Inflation slows ahead of Fed meeting
The Labor Department reported Tuesday that the Consumer Price Index rose 7.1% over the last 12 months, the slowest rate of inflation since December of 2021. William Lee, chief economist for the Milken Institute, joined CBS News to discuss the latest data.
Treasury Secretary Janet Yellen on inflation
In the U.S., inflation is at a 40-year high. Secretary of the Treasury Janet Yellen told 60 Minutes she sees positive signs that many of the underlying causes are being resolved and that by the end of 2023, inflation will be substantially reduced.
CPI report shows inflation slowing down
President Biden says the latest Consumer Price Index report is a sign that the country's economy is heading in the right direction. November's monthly index showed inflation is slowing, and the rate was not only lower than October's, but less than economists predicted. CBS News senior White House and political correspondent Ed O'Keefe has more on the administration's economic agenda and the celebratory plans for the signing of the Respect For Marriage Act into law.
Stocks soar on latest signs that inflation is slowing
Wall Street jumped after a government report showed U.S. inflation slowed more in November than analysts had expected.
Inflation cooled in November for fifth month
The annual inflation rate hit 7.1% in November, the fifth straight month that consumer prices cooled off. Lori Bettinger, president of BancAlliance, joins CBS News' Elaine Quijano and Lana Zak on how this could affect the Federal Reserve's announcement Wednesday on interest rates.
Inflation cooled further in November, with prices rising 7.1%
Price increases are slowing but have a long way to go before hitting the Federal Reserve's 2% target.
U.S. Inflation slightly cooling down
The Consumer Price Index rose 7.1% in November, down from 7.7% in October. The Federal Reserve is expected to announce another interest rate hike this week. CBS News reporter Sarah Ewall-Wice joins us with the latest on what this means for the economy.
How long will it take for U.S. prices to return to normal?
Although the sharpest price increases are behind us, it could be years before runaway inflation finally runs its course.
Live
Trump says U.S. to "keep" Strait of Hormuz, impose 20% fee on cargo
President Trump says the U.S. will "probably run" the Strait of Hormuz, as dueling attacks with Iran continue over control of the strategic waterway.
South Carolina governor to announce Lindsey Graham's replacement Monday
South Carolina Gov. Henry McMaster will hold a press conference to announce his appointment to fill the vacancy left by Sen. Lindsey Graham's death.
Sam Neill, "Jurassic Park" and "The Piano" star, dies at 78
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
Trump says U.S. reinstating Iran blockade in Strait of Hormuz
Trump says the U.S. will be known as "THE GUARDIAN OF THE HORMUZ STRAIT," and will charge 20% on all cargo shipped via the waterway to cover security costs.
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.
1 person killed in Maine shooting involving ICE, state House speaker says
A person was killed during a shooting in Maine involving U.S. Immigration and Customs Enforcement on Monday morning, state House Speaker Ryan Fecteau said.
Congress returns with long to-do list as Graham's death hangs over Capitol
Congress is returning to Washington with limited time to address a number of priorities ahead of a lengthy August recess and the sprint to the midterm elections.
At least 27 killed in Bangkok beer hall fire, authorities say
Video shared by first responders shows a huge blaze, with flames coming out of the front door of the Na Ladprao bar in the northern part of the Thai capital.
Millions of Americans take on debt and drain savings to afford food
A quarter of working-age adults use credit cards to purchase groceries but struggle to repay their debts, a new study finds.
U.S.
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South Carolina governor to announce Lindsey Graham's replacement Monday
South Carolina Gov. Henry McMaster will hold a press conference to announce his appointment to fill the vacancy left by Sen. Lindsey Graham's death.
Trump backs Lindsey Graham's sister to finish Senate term
President Trump recommended that South Carolina's governor appoint the late Sen. Lindsey Graham's sister Darline to serve out the rest of his term in the Senate.
Trump says U.S. reinstating Iran blockade in Strait of Hormuz
Trump says the U.S. will be known as "THE GUARDIAN OF THE HORMUZ STRAIT," and will charge 20% on all cargo shipped via the waterway to cover security costs.
Congress returns with long to-do list as Graham's death hangs over Capitol
Congress is returning to Washington with limited time to address a number of priorities ahead of a lengthy August recess and the sprint to the midterm elections.
1 person killed in Maine shooting involving ICE, state House speaker says
A person was killed during a shooting in Maine involving U.S. Immigration and Customs Enforcement on Monday morning, state House Speaker Ryan Fecteau said.
MoneyWatch
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Millions of Americans take on debt and drain savings to afford food
A quarter of working-age adults use credit cards to purchase groceries but struggle to repay their debts, a new study finds.
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.
Politics
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South Carolina governor to announce Lindsey Graham's replacement Monday
South Carolina Gov. Henry McMaster will hold a press conference to announce his appointment to fill the vacancy left by Sen. Lindsey Graham's death.
Trump backs Lindsey Graham's sister to finish Senate term
President Trump recommended that South Carolina's governor appoint the late Sen. Lindsey Graham's sister Darline to serve out the rest of his term in the Senate.
Trump says U.S. reinstating Iran blockade in Strait of Hormuz
Trump says the U.S. will be known as "THE GUARDIAN OF THE HORMUZ STRAIT," and will charge 20% on all cargo shipped via the waterway to cover security costs.
Congress returns with long to-do list as Graham's death hangs over Capitol
Congress is returning to Washington with limited time to address a number of priorities ahead of a lengthy August recess and the sprint to the midterm elections.
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.
HealthWatch
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Common knee surgery may do more harm than good, 10-year study shows
A Finnish study followed patients for 10 years after they had a popular knee surgery. For many, the pain continued or even worsened.
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.
World
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Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
British counterterrorism police lead probe into murder of politician
British counterterrorism police are now leading the investigation into the death of Ann Widdecombe after "new information and evidence" came to light.
Trump says U.S. reinstating Iran blockade in Strait of Hormuz
Trump says the U.S. will be known as "THE GUARDIAN OF THE HORMUZ STRAIT," and will charge 20% on all cargo shipped via the waterway to cover security costs.
Europeans sanction Russia over alleged "sabotage and espionage" attacks
Paris will summon Russia's ambassador and the EU and U.K. are announcing new sanctions over an alleged "vast cyber campaign" targeting European countries.
Truck carrying wedding guests hit on Indonesia highway, killing 13, police say
A pickup truck carrying wedding guests was crushed between two other trucks on a busy highway in Indonesia's, killing 13 people and injuring five others, police say.
Entertainment
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Entertainment
"Jurassic Park" star dies at 78
Actor Sam Neill, who starred in "Jurassic Park" and "The Piano," died Monday at the age of 78, his family said in a statement. Neill had been battling cancer, but his family said he had beaten it and his death was unexpected.
Extended interview: Sean Evans
Vladimir Duthiers speaks with Sean Evans about how he came to host "Hot Ones," his interview with Conan O'Brien, who he would like to see on the show and more.
Sam Neill, "Jurassic Park" and "The Piano" star, dies at 78
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
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.
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
More Crime
British counterterrorism police lead probe into murder of politician
British counterterrorism police are now leading the investigation into the death of Ann Widdecombe after "new information and evidence" came to light.
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.
Space
More Space
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
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.
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
More Latest CBS News Videos
Latest CBS News Videos
Ukraine mourns Lindsey Graham's death
Ukrainian President Volodymyr Zelenskyy called Sen. Lindsey Graham "a true defender of freedom" after the longtime senator died Saturday at 71. Graham had met with Zelenskyy on Friday during a visit to Ukraine the day before he died. CBS News' Aidan Stretch has more on how Ukrainians are reacting to Graham's death.
Georgians lose homes due to AI data centers
Some families in Georgia are being forced to sell their homes or face government seizures to make way for AI data centers. CBS News' Skyler Henry has more.
South Carolina Lt. Gov. Evette on Sen. Graham
South Carolina Lt. Gov. Pamela Evette joined "CBS News 24/7 Mornings" to reflect on Sen. Lindsey Graham's impact after his death.
Strait of Hormuz conflict: Oil surges
Oil prices rose on Monday as the conflict between the U.S. and Iran intensified days after President Trump declared the countries' ceasefire agreement to be over. Iran claimed the Strait of Hormuz was closed as both sides exchanged more strikes over the weekend. Kristin Myers, ETF editor-in-chief at ASSET TV, joins CBS News to share her predictions.
Videos show aftermath of Bangkok bar fire
At least 27 people were killed after a fire broke out at a beer hall in Bangkok, Thailand. CBS News' Anna Coren has the latest.