Latest GDP figure eases concern about imminent U.S. recession
New government data shows economic growth shrank at a 0.6% annual rate in the second quarter — less than initially thought.
Inflation
Biden says student loan forgiveness will help economy
President Biden announced his plan to forgive up to $20,000 in student loan debt for millions of Americans. But, some lawmakers and economic experts have raised concerns over its potential impact on inflation and the cost of college tuition. CBS News correspondent Christina Ruffini joined CBS News' Caitlin Huey-Burns on "Red and Blue."
How the student loan relief plan will work
President Biden unveiled his plan to cancel billions of dollars in student loan debt. It will impact millions of borrowers earning less than $125,000 a year. Roy Paul, executive director of Cents Ability, joins CBS News to discuss how the plan will work and its economic impact.
Economic impact of cancelling student debt
President Biden unveiled his plan to cancel billions of dollars in student loan debt, saying it will benefit 43 million Americans earning less than $125,000 a year. Pell Grant recipients will receive up to $20,000 in relief, while other borrowers can get up to $10,000 in debt cancellation. The pause on federal loan payments will also be extended until the end of the year. Roy Paul, executive director of Cents Ability, joins CBS News to discuss the economic impact of this plan.
Protests challenging Haiti's prime minister
Thousands of protesters took the streets of Haiti's capital calling for the resignation of Prime Minister Ariel Henry. It comes as the country deals with a surge in crime and rising inflation. The Haitian Times' Macollvie Neel joined CBS News with a look at the current economic situation there.
Americans worry a recession is coming
About 69% of Americans are worried the U.S. will be in a recession by the end of next year, a survey conducted by Bankrate found. About 41% of people say if a recession happens, they are not prepared. Mark Hamrick, senior economic analyst at Bankrate, joins CBS News to discuss how people should be preparing for a possible recession.
Here are the least and most expensive Big Macs in U.S.
Like everything else, the cost of fast food is rising, but in some states it's more affordable than others.
First-time food bank users
For our MoneyWatch series "The Uncertain Economy," CBS News' Lana Zak visited a food bank in Baltimore to take a look at how people are coping with increased food prices.
Stock market slows after Monday sell-off
The stock market stayed flat Tuesday after falling sharply Monday. Rebecca Walser, president of Walser Wealth Management, joins CBS News to explain how the sell-off is connected to fears over what the Federal Reserve has planned for next months interest rate hike.
These side hustles can help people earn money and beat inflation
Flexible, part-time gigs offer ways to make extra cash, from tutoring to renting out your house or car.
What's behind the country's record inflation?
A trip down the supply chain shows the answer behind what's driving record inflation may not be so simple.
Store owners, farmers face inflation
The average cost of a gallon of milk nationwide has gone up almost a dollar since 2020. “CBS Mornings” co-host Tony Dokoupil goes up the supply chain – starting from a grocery store, to a farm, to an animal feed store – to track down where inflation really begins.
Back-to-school shoppers feel impact of inflation
As students return to school, parents are spending a lot more on supplies because of inflation. According to one survey, just 36% of parents said they can afford back-to-school supplies this year. Janet Shamlian takes a look.
Stocks fall sharply amid renewed inflation fears
S&P 500 suffers its biggest drop since June as investors fret over the Fed's effort to tame inflation.
MoneyWatch: What is "buying the dip"?
As inflation remains high, those looking to make their money grow in the stock market may be drawn to a tactic referred to as “buying the dip.” But does this strategy work? Joe Saluzzi, partner and co-founder of Themis Trading, joins CBS News to discuss in today’s MoneyWatch report.
What $100 buys you now vs. then
CBS News correspondent Errol Barnett shows how inflation impacts the value of a dollar and why your money is worth less now than even a few years ago.
Inflation's impact on mortgage rates
The affordability crisis in housing has only gotten worse thanks to rising mortgage rates. As a part of our series "MoneyWatch: The Uncertain Economy," CBS News correspondents Errol Barnett and Tanya Rivero break down the relationship between mortgage rates and inflation.
Stretching your dollar at the grocery store
As inflation rates rise, so do prices at the grocery store, which means your dollar is not stretching as far. In our MoneyWatch series, "The Uncertain Economy," Roy Paul, executive director of Cents Ability, has some tips on how you can make sure a trip to the store doesn't break the bank.
Surging school supply costs affect families
Back-to-school spending in total is expected to match the record high set in 2021: $37 billion.
Lowe's announces $55 million bonus for hourly employees to offset inflation
The company is one of many providing bonuses, wage increases or additional benefits as inflation rises and labor shortages persist.
The history of recessions in America
Many people are worried the country is headed toward a recession, or may already be in one. While not all recessions are created equal, economists say we can learn lessons from our past. CBS News takes a look back at the history of recessions in America as part of our series "MoneyWatch: The Uncertain Economy."
Fed saw evidence of a slowing economy at its last meeting
Despite sputtering U.S. economic growth, Federal Reserve hiked interest rates to ease "unacceptably high" inflation.
Inflation Reduction Act signed into law
President Biden has signed the Inflation Reduction Act into law after months of negotiations. Democrats said the measure addresses climate change and health care costs. CBS News senior White House and political correspondent Ed O'Keefe joined "CBS News Mornings" to discuss the legislation and provide an update on first lady Jill Biden, who is isolating following her COVID-19 diagnosis.
Inflation rate in U.K. tops 10%
Inflation in the U.K. rose to a staggering 10.1% in July compared to last year. CBS News foreign correspondent Roxana Saberi joins us from London to break down what's driving the rise in prices and how British families are coping.
U.K. inflation tops 10% on soaring food and energy costs
Britain's inflation rate soared to a new 40-year high, squeezing households. Economists expect it to get worse.
Exclusive
Coast Guard operating in "crisis" as shutdown halts pay, strains missions overseas
The Coast Guard will run out of funding to pay personnel on May 1, with the first missed paychecks expected May 15.
Live
Iran war pushes oil prices to 4-year high as Hegseth to face lawmakers
Oil prices hit a 4-year high as Axios reports Trump will hear new options to try to break the Strait of Hormuz standoff with Iran with a new wave of attacks.
House adopts Senate-approved budget resolution to unlock ICE funding
The budget blueprint is the first step in Republicans' two-pronged plan to end the Department of Homeland Security shutdown.
Janet Mills ends Senate campaign in Maine, paving way for Graham Platner
Maine Gov. Janet Mills' exit from the race all but assures Graham Platner will get the Democratic nomination to take on Sen. Susan Collins.
As Iran war nears key 60-day deadline, Congress and Trump face choices
The War Powers Resolution sets deadlines for the president to end hostilities without congressional approval.
Trump says U.S. may cut the number of American troops in Germany
President Trump said Wednesday he is considering reducing the number of U.S. forces in Germany, amid a spat with Germany's chancellor and the NATO alliance over Iran.
RFK Jr.'s healthy food agenda puts hospitals on notice about patients' meals
The backlash was immediate after the Trump administration served notice that hospitals and nursing homes should limit sugary drinks and dietary supplements in favor of what HHS terms "real food."
U.K. pledges $34 million to fight antisemitism emergency after stabbing
The British government's terrorism prevention adviser describes anti-Jewish attacks as the "biggest national security emergency" since 2017.
Oil prices hit wartime peak, with Brent crude touching $126 a barrel
Brent crude surged past $126 a barrel early Thursday, while U.S. gasoline prices jumped to $4.30 a gallon.
U.S.
More U.S.
GDP rose at 2% annual rate in first quarter as U.S. economy rebounds
The AI boom propped up U.S. economic growth in the first quarter, but inflation due to the Iran war is casting a cloud.
David Allan Coe, singer who wrote "Take This Job and Shove It," dies at 86
David Allan Coe also had hits with "You Never Even Called Me By My Name" and "The Ride" among others.
Janet Mills ends Senate campaign in Maine, paving way for Graham Platner
Maine Gov. Janet Mills' exit from the race all but assures Graham Platner will get the Democratic nomination to take on Sen. Susan Collins.
Oil prices hit wartime peak, with Brent crude touching $126 a barrel
Brent crude surged past $126 a barrel early Thursday, while U.S. gasoline prices jumped to $4.30 a gallon.
New Orleans sheriff indicted after investigation into escape of 10 inmates
Orleans Parish Sheriff Susan Hutson was indicted on 30 felony counts after a probe into one of the largest jailbreaks in U.S. history, which occurred under her watch.
MoneyWatch
More MoneyWatch
GDP rose at 2% annual rate in first quarter as U.S. economy rebounds
The AI boom propped up U.S. economic growth in the first quarter, but inflation due to the Iran war is casting a cloud.
Oil prices hit wartime peak, with Brent crude touching $126 a barrel
Brent crude surged past $126 a barrel early Thursday, while U.S. gasoline prices jumped to $4.30 a gallon.
Elon Musk tells court he was a "fool" for funding OpenAI
Elon Musk alleges that OpenAI reneged on a promise to operate as a nonprofit dedicated to human progress.
Ford to receive $1.3 billion government refund for Trump's IEEPA tariffs
Detroit automaker expects big financial boost from refund of tariffs struck down earlier this year by the Supreme Court.
Talks to bail out Spirit Airlines stall as company teeters toward collapse
Spirit Airlines only has enough available cash to continue operations for a matter of days, not weeks, and talks for a government-backed rescue of the no-frills carrier have stalled, sources say.
Politics
More Politics
Janet Mills ends Senate campaign in Maine, paving way for Graham Platner
Maine Gov. Janet Mills' exit from the race all but assures Graham Platner will get the Democratic nomination to take on Sen. Susan Collins.
As Iran war nears key 60-day deadline, Congress and Trump face choices
The War Powers Resolution sets deadlines for the president to end hostilities without congressional approval.
Exclusive
Coast Guard operating in "crisis" as shutdown halts pay, strains missions overseas
The Coast Guard will run out of funding to pay personnel on May 1, with the first missed paychecks expected May 15.
RFK Jr.'s healthy food agenda puts hospitals on notice about patients' meals
The backlash was immediate after the Trump administration served notice that hospitals and nursing homes should limit sugary drinks and dietary supplements in favor of what HHS terms "real food."
House adopts Senate-approved budget resolution to unlock ICE funding
The budget blueprint is the first step in Republicans' two-pronged plan to end the Department of Homeland Security shutdown.
HealthWatch
More HealthWatch
RFK Jr.'s healthy food agenda puts hospitals on notice about patients' meals
The backlash was immediate after the Trump administration served notice that hospitals and nursing homes should limit sugary drinks and dietary supplements in favor of what HHS terms "real food."
Beyond crisis lines: How broader suicide prevention helps people in need
A new approach to suicide prevention shifts the focus from stopping harm in moments of crisis to upstream policies that give people reasons to live.
Big companies position themselves for payday from $50B federal rural health fund
A $50 billion federal fund is supposed to modernize rural healthcare. But community clinics and advocates fear that the contractors administering the money for states will bite off a big chunk before it reaches patients.
A 13-year-old's kidney was failing. Then a stranger stepped in.
Tim Fitzpatrick, a father of a chronically ill child, saw the story of a boy in need of a new kidney and felt compelled to help.
Ben Sasse is on extended time. He credits "providence, prayer and a miracle drug."
The former U.S. senator from Nebraska opened up about his terminal diagnosis, his family and the state of American politics in a "Things That Matter" town hall.
World
More World
Israel intercepts Gaza aid flotilla off Greek coast, activists say
The Global Sumud Flotilla said 22 of its 58 vessels were "abducted," while the Israeli foreign ministry derided the convoy as a "condom flotilla."
U.K. pledges $34 million to fight antisemitism emergency after stabbing
The British government's terrorism prevention adviser describes anti-Jewish attacks as the "biggest national security emergency" since 2017.
Live
Iran war pushes oil prices to 4-year high as Hegseth faces lawmakers
Oil prices hit a 4-year high as Axios reports Trump will hear new options to try to break the Strait of Hormuz standoff with Iran with a new wave of attacks.
Divers find wreck of iconic U.S. ship torpedoed in WWI, killing 131
The sinking of the Coast Guard Cutter Tampa killed 131 people, making it the largest loss of life on any U.S. combat ship during the war.
As Iran war nears key 60-day deadline, Congress and Trump face choices
The War Powers Resolution sets deadlines for the president to end hostilities without congressional approval.
Entertainment
More Entertainment
David Allan Coe, singer who wrote "Take This Job and Shove It," dies at 86
David Allan Coe also had hits with "You Never Even Called Me By My Name" and "The Ride" among others.
New details in case against singer D4vd
Musician D4vd was in a Los Angeles court on Wednesday as prosecutors laid out a timeline and highlighted new details in their case against him in the murder of Celeste Rivas Hernandez. The singer has pleaded not guilty to the charges. Warning, the details in this story are disturbing.
Wilmer Valderrama on his 200th "NCIS" episode
As "NCIS" nears the highly-anticipated finale of season 23, it will also be star Wilmer Valderama's 200th episode on the show. He reflects on his time on the series and reveals the season finale will have "a lot of danger," adding, "we're setting a crazy tone for next season."
Reshaping the conversation about aging
Constance Zimmer, who co-hosts the podcast "Talk 50 to Me," talks about reframing the conversation among women about aging. The podcast features interviews with women in their 50s, talking about the realities of midlife.
FCC orders review of ABC broadcast licenses
The FCC has ordered an early review of the broadcast licenses for eight local stations owned by ABC. The move comes after President Trump and first lady Melania Trump demanded ABC fire late-night host Jimmy Kimmel. Ed O'Keefe reports.
Technology
More Technology
Technology
Tech companies post earnings amid bubble concerns
Four of the biggest tech companies reported earnings after the closing bell on Wednesday. Adam Levine, senior tech writer for Barron's, joins CBS News to discuss.
Elon Musk tells court he was a "fool" for funding OpenAI
Elon Musk alleges that OpenAI reneged on a promise to operate as a nonprofit dedicated to human progress.
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.
Comparing popular smartwatches right now
Smartwatches can measure everything from heart rate to step count, but which features are most accurate and are worth using? Vanessa Hand Orellana, CNET's lead wearable tech reporter, joins CBS News to discuss.
Musk testifies for 2nd day in OpenAI trial
Elon Musk testified for a second day on Wednesday in a trial that's pitting two tech titans against each other. Paresh Dave, senior writer at Wired, joins CBS News to discuss.
Science
More Science
Trump administration fires board overseeing National Science Foundation
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
AI used to reveal face of victim fleeing Mount Vesuvius eruption
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
In a first, endangered orangutan seen using canopy bridge to cross road
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
Saving the Venus fly trap
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
From 1990: NASA launches Hubble Telescope
On April 24, 1990, NASA launched the Hubble Space Telescope from the Space Shuttle Discovery after seven years of delays. Watch CBS News' coverage from that day.
Crime
More Crime
Crime
Officials release apparent Cole Allen photos
Cole Allen apparently took a selfie while armed, minutes before the White House Correspondents' Dinner shooting in Washington, D.C., on Saturday night. CBS News' Katrina Kaufman and Sam Vinograd have more.
New memo detail Cole Allen's movements
A memorandum filed in federal court on Wednesday includes details about Cole Allen's movements before his encounter with U.S. Secret Service officers at the White House Correspondents' Dinner on Saturday. CBS News' Anna Schecter reports.
New Orleans sheriff indicted after investigation into escape of 10 inmates
Orleans Parish Sheriff Susan Hutson was indicted on 30 felony counts after a probe into one of the largest jailbreaks in U.S. history, which occurred under her watch.
New details on D.C. press dinner shooting
The Justice Department released a photo allegedly showing the suspect in the White House Correspondents' Dinner shooting, roughly 30 minutes before he rushed past security at the event. CBS News' Sam Vinograd has more.
Prosecutors allege D4vd killed teen to silence her
Prosecutors on Wednesday alleged singer D4vd killed Celeste Rivas Hernandez to silence her "before she ruined his music career." CBS News Los Angeles reporter Hunter Sowards has the latest.
Space
More Space
SpaceX launches Falcon Heavy rocket carrying powerful satellite
SpaceX's most powerful operational rocket boosted a high-speed ViaSat internet data relay satellite into space to complete a globe-spanning constellation.
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Blue Origin New Glenn rocket puts satellite payload into wrong orbit
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
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
High hopes for pancreatic cancer therapies
A new pancreatic cancer treatment is showing good signs of longer life expectancies. Dr. Deirdre Cohen joins with more details.
Coast Guard chief on shutdown's impacts
Coast Guard Commandant Adm. Kevin Lunday says guardsmen are going into debt to follow orders amid a partial government shutdown that he says is putting the military branch in a critical position. CBS News' Nicole Sganga reports.
Latest news on London stabbing attack
Two Jewish men were stabbed in London in what officials are calling a terrorist incident. CBS News' Inaya Folarin Iman reports.
Lawmakers grill Hegseth about the Iran war
Lawmakers are pressing Pentagon officials about the Iran war during hearings on Capitol Hill. CBS News' Nikole Killion reports.
Trump calls U.S. blockade "genius"
President Trump still has faith in the U.S. blockade near the Strait of Hormuz despite tensions in the region impacting global oil and gas prices. CBS News' Taurean Small and Ramy Inocencio report.