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Inflation

MoneyWatch: Inflation hits 40-year high

Gas prices are soaring to record highs as inflation hits its highest level in 40 years. The Consumer Price Index jumped 0.8% in February, marking a 7.9% increase over the past year. CBS News transportation correspondent Errol Barnett has more on the rising gas prices, and then Lori Bettinger, the president of BancAlliance and former director of the Troubled Asset Relief Program during the Obama administration, joins CBS News to discuss the impact on American families.

Mar 10, 2022
06:33

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Uncertainty over Russia driving stocks

Uncertainty over the Russia-Ukraine conflict has been the main driver for major stock indexes, which all saw loses Thursday. Lori Bettinger, president of BancAlliance, joins CBS News at the closing bell of the New York Stock Exchange to discuss the economic ramifications.

Feb 17, 2022
03:27

Federal Reserve raises interest rates

The Federal Reserve Board announced plans to raise interest rates a quarter-point in the first hike since 2018. New York Times Dealbook editor Stephen Gandel and Kroll Institute global chief economist Megan Greene join CBS News' Lana Zak and Enrique Acevedo with their insights on the breaking news.

Mar 16, 2022
10:31

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Biden speaks on inflation and economy

President Biden spoke Thursday with The Associated Press about inflation and the state of the U.S. economy, and held a meeting with Speaker of the House Nancy Pelosi and Senate Majority Leader Chuck Schumer on economic issues. CBS News senior White House and political correspondent Ed O'Keefe joins "Red and Blue" to discuss this and more.

Jun 16, 2022
04:54

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Inflation hits 9.1%, highest rate in 40 years

The inflation rate hit a 40-year record in June, with the consumer price index increasing by 9.1% over the last 12 months, according to the U.S. Department of Labor. Jeff Mason, a White House correspondent for Reuters, and Colby Smith, a U.S. economics editor for the Financial Times, join "Red and Blue" to discuss the June inflation report.

Jul 13, 2022
07:47

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White House adviser discusses Biden's inflation response

President Joe Biden called the inflation rate "unacceptably high" after it reached its highest rate in four decades in June. Jared Bernstein, a member of the White House Council of Economic Advisers, joined "Red and Blue" to discuss the Biden administration's response to inflation.

Jul 19, 2022
10:20

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Inflation rises as U.S. economy rebounds

Inflation is rising as the U.S. economy rebounds from the pandemic downturn. CBS News reporter Sarah Ewall-Wice joins CBSN's "Red & Blue" anchor Elaine Quijano with more on the factors driving prices higher and why small business owners fear they could miss out on President Biden's plan to increase federal contracts.

Jun 10, 2021
06:23

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Experts struggle to predict job gains

The pandemic has made it even more difficult for experts to predict job growth. Josh Mitchell, a staff reporter with the Wall Street Journal, joins Elaine Quijano on CBSN's "Red & Blue" to explain why.

Dec 14, 2021
05:28

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Here's which U.S. official might visit Kyiv

The Biden administration is considering sending a top official to Kyiv to meet with Ukrainian President Volodymyr Zelenskyy. CBS News chief White House correspondent Nancy Cordes and CBS News political reporter Caitlin Huey-Burns join "Red and Blue" to discuss who they might send, and why the administration continues to blame inflation on Russia's invasion of Ukraine.

Apr 14, 2022
10:46

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Democrats near deal on spending, climate

President Biden and congressional Democrats say they are close to a deal on their massive plan to fund social programs. Plus, lawmakers could vote to pass their bipartisan infrastructure bill this week. CBS News congressional correspondent Nikole Killion, Politico national political correspondent Meridith McGraw and Washington Post national political reporter Eugene Scott join CBSN's "Red & Blue" anchor Elaine Quijano with the latest.

Oct 25, 2021
15:44

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Americans most concerned about economy

A recent CBS News poll shows that most Americans feel the economy should be the government's top priority. CBS News political reporter Caitlin Huey-Burns and Washington Post White House reporter Tyler Pager join "Red and Blue" to discuss that and other top political stories of the day.

Apr 11, 2022
12:21

White House touts economic wins as inflation persists

The Biden administration is focused on improved unemployment numbers as Americans still feel the impacts of inflation. Plus, the U.S. Court of Appeals ruled against former President Trump, who is trying to block the House January 6 committee from accessing White House documents. CBS News senior Washington correspondent Major Garrett, Wall Street Journal Capitol Hill reporter Siobhan Hughes and Politico congressional reporter Nicholas Wu join CBSN's "Red & Blue" anchor Elaine Quijano with the details.

Dec 9, 2021
14:02

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Cities await funds to start infrastructure projects

Cities across the U.S. are hoping to receive grants from the federal government's $1 trillion infrastructure bill. Mitch Landrieu, a White House senior adviser and infrastructure implementation coordinator, joins "Red and Blue" anchor Nikole Killion with the latest.

Feb 10, 2022
05:28

Biden administration tackles skyrocketing gas prices

In a letter to seven oil companies, President Biden asked for more gas to address high gas prices. The senior vice president of policy, economics and regulatory affairs at the American Petroleum Institute, Frank Macchiarola, joins "Red and Blue" to discuss the Biden administration's approach to gas prices.

Jun 16, 2022
06:03

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Americans feel impact of inflation

The U.S. Labor Department reports that the cost of consumer goods has increased 6.2% compared a year ago. CBS News reporter Sarah Ewall-Wice joins CBSN "Red and Blue" anchor Elaine Quijano to break it down.

Nov 10, 2021
08:03

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White House options to address gun violence

What possible actions are on the table for President Biden to address gun violence? CBS News chief White House correspondent Nancy Cordes joins "Red & Blue" to discuss this, plus rising inflation and record-high gas prices.

May 31, 2022
06:35

cbsn-fusion-social-security-to-see-massive-boost-next-year-amid-rising-consumer-prices-thumbnail-815964-640x360.jpg

Social Security benefits to increase in 2022

The government will increase Social Security benefits by 5.9% in 2022 as Americans contend with higher consumer prices. The Conference Board's chief economist Dana Peterson joins CBSN's "Red & Blue" anchor Elaine Quijano with the details, including how long U.S. labor shortages could last.

Oct 14, 2021
07:08

cbsn-fusion-president-biden-considers-supporting-federal-gas-tax-holiday-thumbnail-1077775-640x360.jpg

Biden considering federal gas tax holiday

President Biden is considering a federal gas tax holiday, which could save consumers money at the pump amid rising inflation and gas prices. CBS News chief White House correspondent Nancy Cordes joins "Red and Blue" to discuss the administration's approach to the economy. Then, CBS News congressional correspondent Scott MacFarlane breaks down the latest from the January 6 committee.

Jun 20, 2022
12:12

Los Angeles port sounds alarm over cargo backlog

Ships packed with holiday gifts are starting to flood America's ports, including in Los Angeles. But 35,000 containers are clogging the docks, waiting for trains to transport cargo across the country. Carter Evans takes a look.

Aug 1, 2022
02:23

Stocks dip at start of August as investors remain "cautious"

"Investors are still assessing where we break from here – further to the upside or reverse course," said one strategist.

Aug 1, 2022

7/31: Face The Nation

This week on "Face the Nation with Margaret Brennan," with 100 days to go until the midterm elections, Democrats have revived a tax and spending package and hope voters will reward them if it passes. Plus, Minneapolis Federal Reserve President Neel Kashkari and the new CBS News Battleground Tracker.

Jul 31, 2022
45:46

Face The Nation: Kashkari, Salvanto, Khalid

Missed the second half of the show? The latest on inflation concerns with Minneapolis Fed chief, Neel Kashkari, the 2022 CBS News Battleground Tracker finds GOP leads race for House, and a political panel discusses November's midterm elections and more.

Jul 31, 2022
22:36

Minneapolis Fed chief: Inflation still "very concerning"

Neel Kashkari, the head of the Federal Reserve Bank of Minneapolis, says "we keep getting surprised" by data on inflation, which continues to be "higher than we expect."

Jul 31, 2022
06:56

Breaking down the U.S. economy's mixed signals

Unemployment is down. Inflation is up. With the Federal Reserve Board again raising interest rates this week, plus new indications we could be in a recession, the economy is in uncharted waters. And no one seems certain about what's next or what to do. CBS News' chief political analyst John Dickerson helps us add it all up with the help of two experts: Lloyd Blankfein of Goldman Sachs, with the overview; and Michelle Singletary, a personal finance columnist for the Washington Post, with advice for all of us.

Jul 31, 2022
07:14

Manchin: Climate and tax deal "all about" fighting inflation

Democratic Sen. Joe Manchin of West Virginia says the agreement he reached with Senate Majority Leader Chuck Schumer "is fighting inflation, this is all about that."

Jul 31, 2022
09:40

U.S. Fed Cuts Interest Rate For Second Time This Year

Judge quashes subpoenas sent to Fed in DOJ criminal probe

A federal judge has quashed a pair of grand jury subpoenas sent to the Federal Reserve Board as part of a criminal probe by U.S. Attorney Jeanine Pirro's office.

updated 24M ago

Trump announces Ric Grenell stepping aside as Kennedy Center president

Matt Floca will be the new CEO and executive director of the Kennedy Center, President Trump announced.

1H ago

cbsn-fusion-richard-kahns-opening-statements-for-epstein-files-deposition-thumbnail.jpg

Democrats seek clarity on Epstein accountant's statements on Trump accuser

Richard Kahn, who worked closely with Epstein for more than a decade, testified before the Oversight Committee on Wednesday.

2H ago

Jury finds defendants guilty of terrorism charges in attack on Prairieland ICE center

Nine defendants were on trial on charges related to the July 4 attack on the Prairieland ICE detention center in North Texas.

updated 16M ago

All 6 crew members killed in crash of U.S. KC-135 refueling aircraft in Iraq

The U.S. military has confirmed that all six crew members were killed when an American KC-135 refueling plane taking part in the Iran war crashed in western Iraq.

6H ago

cbsn-fusion-reports-of-active-shooter-situation-at-temple-in-michigan-thumbnail.jpg

Suspect in synagogue attack lost family in recent airstrike in Lebanon, sources say

The attacker rammed a vehicle into Temple Israel in West Bloomfield and opened fire, but he was the only one killed, law enforcement officials said.

updated 18M ago

Military exercises in Alaska, Greenland test forces on operating in Arctic conditions

The U.S. military participated in a multi-national exercise in Alaska and Greenland in the austere conditions that officials say military forces need to train in more regularly for the future.

3H ago

These 2 bills would erase income taxes for millions of Americans

Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.

7H ago

U.S.

More U.S.

Trump announces Ric Grenell stepping aside as Kennedy Center president

Matt Floca will be the new CEO and executive director of the Kennedy Center, President Trump announced.

1H ago

Exclusive

Security detail requested for U.S. official who asked for Lisa Cook, Adam Schiff probes

A security detail has been requested from the federal health department's inspector general for top federal housing official Bill Pulte.

1H ago

cbsn-fusion-oil-barrels-reserves-being-released-address-supply-risk-gas-prices-jump-in-u-s-thumbnail.jpg

New release of oil reserves will put U.S. supplies at 40-year low

The latest release of oil follows historic withdrawals from the Biden administration to combat gas prices from the Ukraine war.

2H ago

'It's unbearable': As Iran war intensifies, gas prices surge in Mass., leaving drivers frustrated

Chart shows what you're paying for when you buy a gallon of gas

U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?

2H ago

Democrats seek clarity on Epstein accountant's statements on Trump accuser

Richard Kahn, who worked closely with Epstein for more than a decade, testified before the Oversight Committee on Wednesday.

2H ago

MoneyWatch

More MoneyWatch

Chart shows what you're paying for when you buy a gallon of gas

U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?

2H ago

High oil prices are boosting airfares. These tips could save you money.

Planning a trip? Travel experts recommend booking your flight soon as the Iran war drives up airline and ticket costs.

3H ago

These 2 bills would erase income taxes for millions of Americans

Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.

7H ago

Toyota recalls 550,000 Highlander SUVs because seats may fail to lock

Parts defect affecting Highlander and Highlander Hybrid vehicles can increase the risk of injury, according to a safety notice. Here's what to know.

8H ago

Core Wholesale Prices Rise 0.8 Percent Amid Inflation Fears

Economic growth late last year was much weaker than previously thought

GDP grew at a sluggish 0.7% pace in the final months of 2025 as the government shutdown hurt economic activity.

8H ago

Politics

More Politics

Trump announces Ric Grenell stepping aside as Kennedy Center president

Matt Floca will be the new CEO and executive director of the Kennedy Center, President Trump announced.

1H ago

Exclusive

Security detail requested for U.S. official who asked for Lisa Cook, Adam Schiff probes

A security detail has been requested from the federal health department's inspector general for top federal housing official Bill Pulte.

1H ago

Democrats seek clarity on Epstein accountant's statements on Trump accuser

Richard Kahn, who worked closely with Epstein for more than a decade, testified before the Oversight Committee on Wednesday.

2H ago

Trump posts renderings showing Kennedy Center exterior after planned renovation

The Kennedy Center is set to close for two years on July 4.

3H ago

Judge quashes subpoenas sent to Fed in DOJ criminal probe

A federal judge has quashed a pair of grand jury subpoenas sent to the Federal Reserve Board as part of a criminal probe by U.S. Attorney Jeanine Pirro's office.

updated 24M ago

HealthWatch

More HealthWatch

Senior man paying with credit card at doctor's office front desk

Millions of Americans skip meals, stretch medication to afford health care

Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.

Mar 12

Doctor looks at an X-ray of a patient's lungs

Disease once linked to mining hits workers in countertops industry

Crystalline silica, which is released into the air when workers cut and polish engineered stone for kitchen countertops, can scar human lungs beyond repair.

Mar 12

Health insurance helps patients get the medical care they require

"I was fighting to survive": Patients still struggle with preauthorization hurdles

Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.

Mar 11

Investigation

There's one building in LA with 89 registered hospices: "Ground zero" for fraud?

A CBS News analysis of records for every hospice operating in Los Angeles County finds indications of fraud are growing.

Mar 10

Pile of fresh raw oysters for seafood restaurant

Raw oysters and clams recalled in 9 states over norovirus risks

Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.

Mar 9

World

More World

New release of oil reserves will put U.S. supplies at 40-year low

The latest release of oil follows historic withdrawals from the Biden administration to combat gas prices from the Ukraine war.

2H ago

Latin American drug kingpin wanted by U.S. is arrested in Bolivia

Notorious Latin American narco trafficker Sebastian Marset, who eluded police for years, was handed over to U.S. authorities after his arrest Friday in Bolivia.

4H ago

Tourists, expats detained in UAE over content showing Iran war impacts

The head of an advocacy group said 21 people were facing charges under the UAE's cybercrime laws as of Thursday, including a 60-year-old British tourist.

7H ago

Iran says major U.S. tech firms now among its targets in the Middle East

Suspected Iranian cyber and drone attacks are already impacting U.S. tech companies, and Iran says a list of American firms are now on its target list.

7H ago

Democratic senators file war powers resolution to try to restrain Trump on Cuba

Senate Democrats have filed legislation hat would keep the U.S. from attacking Cuba without congressional approval as they seek to force a vote on President Trump's stated goal of a "takeover" of the Caribbean country.

10H ago

Entertainment

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Entertainment

Bill Nye on going from Boeing to science guy

Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.

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Texas prepares for SXSW 2026

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9H ago
04:49

2026 Oscar winner predictions

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10H ago
05:17

James Blake on new album, leaving his label

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10H ago
06:45

Oscars 2026: Behind the scenes with the best actress nominees

Watch scenes from the performances nominated for best actress at the 98th annual Academy Awards, as well as interviews with the nominees.

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Technology

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Technology

Jury deliberates in social media trial

Jury deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.

2H ago
02:42

3 teens took part in a weeklong experiment to curb screen time. It worked.

For one week, three New Jersey high schoolers agreed not to take their phones to bed, and to try different tools to reduce screen time.

23H ago

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.

Mar 28, 2024
03:27

How Pentagon-Anthropic AI dispute escalated

The Trump administration has blacklisted AI giant Anthropic, labeling it a supply chain risk. The company has sued in response. New York Times tech reporter Sheera Frenkel joins CBS News to break down the feud.

Mar 12
04:46

Memory chip shortage could raise tech prices

An explosion in artificial intelligence data centers and cloud computing is shrinking the supply of memory chips, which is having a major impact on the price consumers pay for everyday tech. CNET editor-in-chief David Katzmaier joins CBS News to discuss.

Mar 11
02:29

Science

More Science

Sea levels higher than thought due to "methodological blind spot," study says

A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.

Mar 5

NASA announces major overhaul of Artemis moon program "to take down risk"

NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.

Feb 27

What scientists will be looking for when government UFO files are released

Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.

Feb 24

In a first, shark seen on camera in Antarctica waters, surprising researchers

A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.

Feb 18

How Washington's crossing of the Delaware presaged a changing world

On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.

Feb 15

Crime

More Crime

Crime

New details from Virginia, Michigan attacks

The U.S. is on high alert after two separate domestic attacks on Thursday: A shooting at Old Dominion University, and a car ramming at a Michigan synagogue. CBS News justice correspondent Scott MacFarlane has the latest details on the incidents.

1H ago
03:36

Synagogue attacker spent $2,000 on fireworks

CBS News has learned that the man who attacked a Michigan synagogue on Thursday purchased $2,000 worth of fireworks days before the incident. CBS News' Anna Schecter has more.

2H ago
05:10

Video shows synagogue attacker buying $2,250 in fireworks ahead of attack

Ayman Mohamad Ghazali made two purchases at a Phantom Fireworks store in Livonia, Michigan. He told the store staff the fireworks were for the end of Ramadan.

1H ago

Jury finds defendants guilty of terrorism charges in attack on Prairieland ICE center

Nine defendants were on trial on charges related to the July 4 attack on the Prairieland ICE detention center in North Texas.

updated 15M ago

U.S. on high alert after attacks in MI, VA

Attacks at Old Dominion University in Virginia and Temple Israel in Michigan on Thursday may be linked to terrorism as the U.S. grapples with war in the Middle East. CBS News' Anna Schecter reports.

4H ago
04:35

Space

More Space

Space

Bill Nye on going from Boeing to science guy

Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.

1H ago
07:52

NASA targets April 1 for moon mission launch

NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.

19H ago

1,300-pound NASA satellite to crash on Earth

Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.

Mar 11
01:57

1,300-pound NASA satellite re-enters Earth's atmosphere after 14 years in space

The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.

Mar 11

Why NASA is overhauling Artemis program

NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.

Feb 27
02:45

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1H ago
07:52

Strait of Hormuz becomes Iran war focal point

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New details from Virginia, Michigan attacks

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1H ago
06:02

Inflation

MoneyWatch: Inflation hits 40-year high

Uncertainty over Russia driving stocks

Federal Reserve raises interest rates

Biden speaks on inflation and economy

Inflation hits 9.1%, highest rate in 40 years

White House adviser discusses Biden's inflation response

Inflation rises as U.S. economy rebounds

Experts struggle to predict job gains

Here's which U.S. official might visit Kyiv

Democrats near deal on spending, climate

Americans most concerned about economy

White House touts economic wins as inflation persists

Cities await funds to start infrastructure projects

Biden administration tackles skyrocketing gas prices

Americans feel impact of inflation

White House options to address gun violence

Social Security benefits to increase in 2022

Biden considering federal gas tax holiday

Los Angeles port sounds alarm over cargo backlog

Stocks dip at start of August as investors remain "cautious"

7/31: Face The Nation

Face The Nation: Kashkari, Salvanto, Khalid

Minneapolis Fed chief: Inflation still "very concerning"

Breaking down the U.S. economy's mixed signals

Manchin: Climate and tax deal "all about" fighting inflation

6 more U.S. deaths, vague threat from Trump as Iran war nears 2-week mark

Judge quashes subpoenas sent to Fed in DOJ criminal probe

Trump announces Ric Grenell stepping aside as Kennedy Center president

Democrats seek clarity on Epstein accountant's statements on Trump accuser

Jury finds defendants guilty of terrorism charges in attack on Prairieland ICE center

All 6 crew members killed in crash of U.S. KC-135 refueling aircraft in Iraq

Suspect in synagogue attack lost family in recent airstrike in Lebanon, sources say

Military exercises in Alaska, Greenland test forces on operating in Arctic conditions

These 2 bills would erase income taxes for millions of Americans

U.S.

Trump announces Ric Grenell stepping aside as Kennedy Center president

Security detail requested for U.S. official who asked for Lisa Cook, Adam Schiff probes

New release of oil reserves will put U.S. supplies at 40-year low

Chart shows what you're paying for when you buy a gallon of gas

Democrats seek clarity on Epstein accountant's statements on Trump accuser

MoneyWatch

Chart shows what you're paying for when you buy a gallon of gas

High oil prices are boosting airfares. These tips could save you money.

These 2 bills would erase income taxes for millions of Americans

Toyota recalls 550,000 Highlander SUVs because seats may fail to lock

Economic growth late last year was much weaker than previously thought

Politics

Trump announces Ric Grenell stepping aside as Kennedy Center president

Security detail requested for U.S. official who asked for Lisa Cook, Adam Schiff probes

Democrats seek clarity on Epstein accountant's statements on Trump accuser

Trump posts renderings showing Kennedy Center exterior after planned renovation

Judge quashes subpoenas sent to Fed in DOJ criminal probe

HealthWatch

Millions of Americans skip meals, stretch medication to afford health care

Disease once linked to mining hits workers in countertops industry

"I was fighting to survive": Patients still struggle with preauthorization hurdles

There's one building in LA with 89 registered hospices: "Ground zero" for fraud?

Raw oysters and clams recalled in 9 states over norovirus risks

World

New release of oil reserves will put U.S. supplies at 40-year low

Latin American drug kingpin wanted by U.S. is arrested in Bolivia

Tourists, expats detained in UAE over content showing Iran war impacts

Iran says major U.S. tech firms now among its targets in the Middle East

Democratic senators file war powers resolution to try to restrain Trump on Cuba

Entertainment

Entertainment

Bill Nye on going from Boeing to science guy

Texas prepares for SXSW 2026

2026 Oscar winner predictions

James Blake on new album, leaving his label

Oscars 2026: Behind the scenes with the best actress nominees

Technology

Technology

Jury deliberates in social media trial

3 teens took part in a weeklong experiment to curb screen time. It worked.

How AI powered robots are helping small farms

How Pentagon-Anthropic AI dispute escalated

Memory chip shortage could raise tech prices

Science