How rising interest rates will affect Americans
American jobless claims fell by to 214,000 as the Federal Reserve raises interest rates. Ted Rossman from Bankrate.com joins CBS News to discuss these economic shifts.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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."
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.
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