U.S. economy shrank at 1.5% rate in the first quarter
Even though consumers and businesses kept spending, a trade imbalance pushed down the economy between January and March.
Inflation
School lunches scaled back by higher costs and supply chain issues
Supply chain issues and the spiraling cost of key ingredients has forced school districts to pull back or make substitutions.
Impact of rising food costs on school lunches
Nationwide, school lunch programs are grappling with the rising food prices and ingredient shortages due to supply chain disruptions. CBS News correspondent Scott MacFarlane spoke to school lunch administrators who are struggling to put together the weekly lunch menus.
Americans increasingly concerned with economy
New CBS News polling shows Americans are increasingly concerned with economic issues ahead of the 2022 midterm elections. Meanwhile, critical primary races in Georgia on Tuesday are poised to test former President Trump's influence in the Republican Party.
Brutal week on the stock market
Americans are paying record high prices at the pumps, as inflation fears wreak havoc on the stock market. Errol Barnett reports from Washington, then Lana Zak speaks with Baker Boyer Bank's Chief Financial Officer John Cunnison about how this will impact the average American.
Scott says GOP will focus on inflation in midterms
GOP Sen. Rick Scott of Florida says the midterm elections are "going to be about the effectiveness of the Biden administration, and I think it bodes well for Republicans."
What's fueling high gas prices
Inflation, the war in Ukraine, supply chain issues coupled with rising demand are all factors in the steep gas prices the country is seeing, but there's more to it. Michael George has the latest.
Biden takes multi-day trip to Asia
President Biden is on his first overseas trip to Asia since taking office, spending time in both South Korea and Japan. CBS News chief White House correspondent Nancy Cordes reporters. Then CBS News political analyst Leslie Sanchez and CBS News political contributor Joel Payne join CBS News' Lana Zak to discuss the president's travels and more.
Stocks plunge as major retailers show poor results
Stocks plummeted on Wall Street after disappointing quarterly results from the nation's largest retailers. CBS News senior White House and political correspondent Ed O'Keefe has the latest. Then, Akane Otani, a reporter for The Wall Street Journal, joins Elaine Quijano on CBS News to explain the current market volatility.
Gas prices hit records as inflation fears intensify
As the price of gas and groceries rise with inflation, plenty of Americans are feeling the financial pressure of an economy potentially heading toward a recession. Errol Barnett takes a look.
Stocks plunge as economic fears intensify
The stock market plunge and inflation present two challenges for President Biden and Democrats, who are hoping to retain control in the upcoming midterm elections. Ed O'Keefe has more details.
FDA plans to ease baby formula shortage
The FDA has announced plans to ease the baby formula shortage after reaching an agreement with Abbott Laboratories to allow the manufacturer to reopen its Michigan plant. The FDA is also easing import rules to allow international manufacturers to ship formula to America. This comes as families have been struggling to get by with dwindling supply on shelves. "CBS News Mornings" spoke with Taylor Miller, the mother of a four-month-old in Texas, about the challenges she's facing as a new parent.
Inflation rises to near 40-year high
Global forces including supply chain disruptions, energy costs and Russia's invasion of Ukraine have contributed to rising inflation, which is at a near 40-year high. Mark Strassmann reports.
Rising prices fuel frustration over inflation
CBS News' Mark Strassmann reports from Atlanta on Americans' growing frustration with inflation, as gas, food and housing prices continue to climb.
Face The Nation: Gottlieb, Blankfein, Esper
Missed the Second half of the show? The latest on the baby formula shortage with Dr. Scott Gottlieb, GOP candidates make final pitch for Senate primary election, the war in Ukraine, inflation with Goldman Sachs’ Lloyd Blankfein, and Former Defense Secretary Mark Esper discusses January 6 committee.
Blankfein on inflation, the Fed and supply chain issues
Lloyd Blankfein, the former CEO and current senior chairman of Goldman Sachs, says tamping down inflation will require "some pain" as the Federal Reserve raises interest rates.
Gas prices surge to new record high of $4.43 per gallon
Prices at the pump now top $4 in all but three U.S. states, with costs driven up by a drop in capacity.
Tips for dealing with soaring grocery prices
According to the U.S. Bureau of Labor Statistics, grocery prices increased 10.8% from April 2021 to April 2022. CBS News' Tanya Rivero meets with money-saving expert Andrea Woroch to discuss how Americans can save money at the grocery store.
Inflation, rising costs pressure food banks
As Americans deal with high inflation and rising costs of goods, many are turning to food banks to supplement their shelves. Libby Campbell, chief executive officer of the West Texas Food Bank, joins "CBS News Mornings" to discuss.
Consumer prices on the rise
The pace of inflation around the U.S. dropped after eight straight months. The Consumer Price Index rose 8.3% from a year ago with food and gas prices seeing continued steep increases. Analysts and business owners say inflation won't be going away anytime soon. Carter Evans has more.
Biden visits Illinois as inflation remains high
President Biden went to Illinois on Wednesday to support farmers and agriculture. Inflation remains high across the nation, and Mr. Biden cited Russia's war in Ukraine as one of the reasons in his remarks on Wednesday. CBS News Senior White House and political correspondent Ed O'Keefe joined CBS News chief Washington correspondent Major Garrett from Chicago to discuss the president's visit.
Prices climb despite inflation drop in April
The U.S. Department of Labor says the Consumer Price Index rose 8.3% from a year ago, down from an 8.5% annual increase in March. CBS News correspondent Carter Evans explains how high prices are squeezing Americans across the nation. Then, CBS News' Sarah Ewall-Wice joins Elaine Quijano to discuss.
Inflation slows for first time in 9 months
While inflation eased slightly in April, it remains near a four-decade high. Americans are facing rising prices on everything from groceries, gas and rent. Carter Evans has more.
Biden speaks about lowering food prices
President Biden addressed his plan to help boost food production and lower food costs on a visit to a farm in Illinois. CBS News senior White House and political correspondent Ed O'Keefe joins CBS News' Tanya Rivero and Mola Lenghi with more on the president's speech and his plan to fight inflation.
Prices up 8.3% compared to April 2021
The new Consumer Price index report released Wednesday shows a 8.3% price increase compared with last year, but down from March's spike in inflation. Markets reporter Julia-Ambra Verlaine from The Wall Street Journal joins CBS News with more analysis.
Zelenskyy says he will meet Trump on Sunday for Ukraine-Russia talks
Ukrainian President Zelenskyy says he and President Trump have agreed to meet in Florida on Sunday, signaling progress in talks to end the Russia-Ukraine war.
Maps show winter storm forecast for ice and snow from Great Lakes to Northeast
Millions of Americans live in areas under winter storm alerts stretching from northern Minnesota to the Eastern Seaboard.
Iran seizes oil tanker smuggling fuel on Strait of Hormuz, Tehran says
Iran seized a foreign oil tanker as it traveled the strategic Strait of Hormuz carrying some 25,000 barrels of smuggled fuel, state media said.
Veterans Affairs Department reimposing near total abortion ban
The Veterans Affairs Department is reimposing a near total ban on abortions for veterans and their families that was modified in 2022.
California mother pleads not guilty to murder of 9-year-old daughter Melodee Buzzard
The body of 9-year-old Melodee Buzzard was found by authorities in Utah on Dec. 6 after she went missing in October.
Karoline Leavitt announces she is pregnant with her second child
Karoline Leavitt and her husband, Nicholas Riccio, welcomed their first child, also named Nicholas, in July 2024.
Former "Big Brother" houseguest Mickey Lee died on Christmas, family says
Mickey Lee, a former "Big Brother" houseguest known for her vibrant personality and bold gameplay, has died, her family announced in a social media post shared Friday.
Israel police say 2 killed in car-ramming and stabbing attack by Palestinian
The attack began Friday afternoon in the northern city of Beit Shean, where the Palestinian man crashed his vehicle into people, killing one man and injuring a teenage boy.
Perry Bamonte, guitarist for The Cure, dies after "short illness" at 65
The band announced Perry Bamonte's death on their official website on Friday.
U.S.
More U.S.
Karoline Leavitt announces she is pregnant with her second child
Karoline Leavitt and her husband, Nicholas Riccio, welcomed their first child, also named Nicholas, in July 2024.
Two police officers injured, suspect killed during child custody exchange
Police were called to a shopping center late Friday morning. Two officers were shot and are in critical condition.
This week on "Sunday Morning" (Dec. 28)
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
U.S. stocks hover at record highs after the Christmas holiday
Stocks are mostly flat in quiet morning trading on Friday as investors return from the Christmas holiday.
Veterans Affairs Department reimposing near total abortion ban
The Veterans Affairs Department is reimposing a near total ban on abortions for veterans and their families that was modified in 2022.
MoneyWatch
More MoneyWatch
U.S. stocks hover at record highs after the Christmas holiday
Stocks are mostly flat in quiet morning trading on Friday as investors return from the Christmas holiday.
Here's what is open on the day after Christmas, from retailers to banks
With President Trump declaring Dec. 26 a federal holiday, here's what's open and closed on Dec. 26.
5 money moves to make in 2026, according to financial experts
As many Americans head into 2026 with mounting money worries, reviewing your finances now could help put you on firmer footing next year.
Is anything open on Christmas Day 2025? See which businesses are operating.
Most major retail stores and grocery chains are closed on Christmas Day, with some exceptions.
NHTSA investigating Tesla Model 3 emergency door handles
Traffic safety regulators are reviewing a motorist's complaints that the manual door handles on some Model 3 cars are hard to find, a potential hazard in a crash.
Politics
More Politics
Karoline Leavitt announces she is pregnant with her second child
Karoline Leavitt and her husband, Nicholas Riccio, welcomed their first child, also named Nicholas, in July 2024.
Veterans Affairs Department reimposing near total abortion ban
The Veterans Affairs Department is reimposing a near total ban on abortions for veterans and their families that was modified in 2022.
U.S. launches strikes on ISIS targets in Nigeria, Trump says
Strikes against ISIS targets in Nigeria come after President Trump spent weeks accusing the West African country's government of failing to rein in the persecution of Christians.
Kimmel skewers Trump, tells U.K. viewers that "tyranny is booming" in U.S.
The message, aired on Channel 4 on Christmas Day, reflected on the impact of President Trump's second term in office thus far.
Kennedy Center Christmas Eve concert canceled after Trump's name added
A planned Christmas Eve jazz concert at the Kennedy Center has been canceled.
HealthWatch
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Baby defies all odds after growing outside his mom's womb
Suze Lopez, a 41-year-old nurse who lives in Bakersfield, California, didn't know she was pregnant with her second child until days before giving birth.
FDA approves Wegovy pill for weight loss
The Food and Drug Administration has approved a pill version of the weight-loss drug Wegovy.
Aetna to cover IVF treatments for same-sex couples in national settlement
A federal judge has approved a preliminary agreement for a class action lawsuit requiring Aetna to cover fertility treatments for same-sex couples as they do with heterosexual couples.
Flu season is ramping up, and some experts are "pretty worried"
Doctors and scientists say this year's influenza season could be tougher than usual, with a new version of the flu virus, called H3N2, spreading quickly.
Finding hope through cancer clinical trials
#LillyPartner Cancer clinical trials can offer patients access to investigational treatments that can be explored as early as the time of diagnosis. Ovarian cancer survivor Alicia Dellario and Dr. Arjun Balar, senior vice president of global clinical development at Eli Lilly and Company, join "CBS Mornings" to talk about the potential benefits of cancer clinical trials -- and clarify common misconceptions. Visit cancerclinicaltrials.lilly.com for more information. (Sponsored by Eli Lilly and Company)
World
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Israeli police say 2 killed in car-ramming and stabbing attack by Palestinian
The attack began Friday afternoon in the northern city of Beit Shean, where the Palestinian man crashed his vehicle into people, killing one man and injuring a teenage boy.
8 killed, 18 wounded in mosque bombing in Syria
Images shared by Syria's state-run news agency showed blood on carpets, holes in the walls, shattered windows and fire damage.
Endangered wild cat seen in Thailand for the first time in 30 years
Flat-headed cats are among the world's most threatened wild felines.
Iran seizes oil tanker smuggling fuel on Strait of Hormuz, Tehran says
Iran seized a foreign oil tanker as it traveled the strategic Strait of Hormuz carrying some 25,000 barrels of smuggled fuel, state media said.
15 hurt in stabbing, chemical liquid attack in Japan tire factory
More than a dozen people were injured in a stabbing attack in a factory in central Japan in which a liquid believed to be bleach was also sprayed, authorities said.
Entertainment
More Entertainment
Perry Bamonte, guitarist for The Cure, dies after "short illness" at 65
The band announced Perry Bamonte's death on their official website on Friday.
Broadway actress Imani Smith stabbed to death in New Jersey, police say
Smith previously played young Nala in "The Lion King" on Broadway.
Former "Big Brother" houseguest Mickey Lee died on Christmas, family says
Mickey Lee, a former "Big Brother" houseguest known for her vibrant personality and bold gameplay, has died, her family announced in a social media post shared Friday.
Kimmel skewers Trump, tells U.K. viewers that "tyranny is booming" in U.S.
The message, aired on Channel 4 on Christmas Day, reflected on the impact of President Trump's second term in office thus far.
King Charles and royal family, minus Andrew, gather for Christmas
King Charles III led his family to church on foot ahead of his annual Christmas Day speech that is expected to focus on pilgrimage.
Technology
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Technology
Instacart ending AI price tests for retailers
Instacart says its ending its controversial system of using AI price tests for retailers. Earlier this month, an investigation by Consumer Reports and progressive think tank Groundwork Collaborative found that Instacart's algorithmic pricing charged various prices for the same item from the same store. Jo Ling Kent reports.
Tech companies push for data centers
Massive tech companies wanting to build more data centers in the U.S. are lobbying for support among Americans, according to a recent report by POLITICO. Gabby Miller joins CBS News with more on her reporting.
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.
Top tech gadgets of 2025
Timothy Werth, a tech editor at Mashable, joins "CBS News 24/7" to discuss the best gadgets of 2025.
Instacart to end AI price tests for retailers following investigation
Instacart had drawn criticism for testing an AI-based system that enabled retailers to charge different prices for the same grocery items.
Science
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Major climate research center on Trump administration chopping block
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
Researchers capture video of rare polar bear adoption
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Dinosaur tracks showing "herds moving in synchrony" found in Italy
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Fossil footprints in Bolivia reveal dinosaurs' awkward attempts to swim
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
Crime
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Crime
What's next on the Epstein files release?
Lawmakers may take action against the Department of Justice for the delayed release of the Jeffrey Epstein files. CBS News legal contributor Jessica Levinson weighs in.
Two police officers injured, suspect killed during child custody exchange
Police were called to a shopping center late Friday morning. Two officers were shot and are in critical condition.
Broadway actress Imani Smith stabbed to death in New Jersey, police say
Smith previously played young Nala in "The Lion King" on Broadway.
15 hurt in stabbing, chemical liquid attack in Japan tire factory
More than a dozen people were injured in a stabbing attack in a factory in central Japan in which a liquid believed to be bleach was also sprayed, authorities said.
Terry Rozier seeks to have charges thrown out in NBA gambling case
His lawyers argued that Rozier's alleged involvement in the wire fraud and money laundering conspiracies is limited.
Space
More Space
Space
NASA's search for next lunar rover
NASA astronauts took their first drive on the moon 54 years ago. Now, three companies are competing for a NASA contract to build a new lunar rover for use starting with the Artemis 5 mission in 2030. Kris Van Cleave reports.
Artemis 2 astronauts rehearse countdown for upcoming moon launch
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
Woman is first wheelchair user launched into space
A German aerospace engineer made history Saturday, becoming the first wheelchair user to go into space when she took a 10-minute trip aboard a Blue Origin rocket.
Blue Origin safely launches wheelchair user to space and back
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
Jared Isaacman, billionaire who's flown with SpaceX, confirmed to lead NASA
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
Latest Galleries
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Notable Deaths in 2025
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
Zelenskyy to meet with Trump in Florida
Ukrainian President Volodymyr Zelenskyy said Friday that he will meet with President Trump in Florida this weekend to discuss security guarantees. CBS News' Leigh Kiniry and Sam Vinograd have the latest.
Details on strikes targeting ISIS in Nigeria
U.S. forces launched strikes targeting ISIS forces in Nigeria on Christmas Day. CBS News White House reporter Willie James Inman has the latest.
What's next on the Epstein files release?
Lawmakers may take action against the Department of Justice for the delayed release of the Jeffrey Epstein files. CBS News legal contributor Jessica Levinson weighs in.
Christmas return season begins
Americans have entered the 2025 gift returns era after the Christmas holidays. CBS MoneyWatch correspondent Kelly O'Grady has more.
Catastrophic flooding in California
Catastrophic flooding and mudslides in California have turned deadly. CBS News' Andres Gutierrez reports.