Key inflation gauge hits 6.1%, highest level since 1982
Americans are increasingly pessimistic about the economy, with consumer sentiment falling to its lowest in a decade.
Inflation
IRS backlog could delay your tax return
The Treasury Department says the IRS is facing a sizeable backlog from 2021, which could delay your tax return this year. Ted Rossman, senior industry analyst at Bankrate.com, joins CBS News to discuss when people can expect to get their refunds and how inflation may affect how people will spend that money this year.
Many restaurants face "extinction" amid COVID, inflation and staffing shortages
As many as 80% of restaurants nationwide say they are in danger of closing without assistance.
Black Americans approve of Biden, but not on inflation - CBS News poll
Biden's approval on inflation is lower than other approvals; ratings are not as high compared to start of his term.
Inflation 2022: Starbucks coffee, Amazon Prime and 5 other things that are more expensive this year
From Tide detergent to your morning coffee, these everyday products are about to cost more thanks to inflation.
CBS News poll: Americans judging economy based on prices
CBS News elections and surveys director Anthony Salvanto discusses a new CBS News poll on how Americans are feeling about the economy.
MoneyWatch: Consumer spending climbs in January
Americans are spending more than expected, with the Commerce Department reporting retail sales jumped 3.8% in January -- up 13% from the same time last year. Ted Rossman, a senior industry analyst at Bankrate.com, joins CBS News to discuss the latest retail sales numbers.
MoneyWatch: Stock market recap
CBS News' Tanya Rivero and Nikki Battiste spoke with Jeffrey Kleintop, the chief global investment strategist at Charles Schwab, about Wall Street's reaction to the release of the minutes from the Federal Reserve's latest policy meeting and a surge in retail sales.
MoneyWatch: White House weighs gas tax holiday
The White House is signaling that it may temporarily suspend the federal gas tax until the end of the year to help American drivers dealing with inflation at the pump. CBS News MoneyWatch reporter Irina Ivanova joins "CBS News Mornings" to discuss the gas tax holiday.
Democrats weigh gas tax holiday
A group of Senate Democrats proposes suspending the federal gas tax through the end of the year.
Senate Republicans boycott Biden's Federal Reserve nominees
Republicans on the Senate Banking Committee skipped Tuesday's meeting, denying Democrats the quorum needed to advance Biden nominees.
Wholesale prices jump, adding to inflation woes for consumers
The cost of producing food, energy and many other goods has surged nearly 10% from a year ago, new data shows.
Markets take a hit as inflation rises
Financial markets dropped after this morning's Consumer Price Index report indicated a larger-than-expected rise in inflation. Steve Odland, CEO of The Conference Board and former CEO of Office Depot and AutoZone, joins CBS News' Tanya Rivero and Nikki Battiste to discuss inflation rates as well as the results of The Conference Board's latest survey of CEO confidence.
San Francisco Fed chief backs "measured" interest rate hike
Mary Daly, the president and CEO of the Federal Reserve Bank of San Francisco, says "the most important thing is to be measured in our pace and, importantly, data dependent" when it comes to increasing interest rates to fight inflation.
Streaming price hikes leaves cord cutters confused
On trend with general inflation, rising prices of entertainment streaming services have now burned those who ditched cable hoping to save money. Lilia Luciano has more.
Consumer prices surge as inflation hits 40-year high
Inflation soared to its highest level in 40 years, according to the Labor Department, as prices rose by 7.5% compared to one year ago. The surge was driven in part by an increase in gas prices. Nancy Cordes has the latest.
Biden faces concerns about rising inflation
President Biden is confronting a major economic challenge as inflation continues to rise. Meanwhile, the White House is looking to reallocate Afghan funds to help people in Afghanistan and 9/11 victims. CBS News senior White House and political correspondent Ed O'Keefe breaks down the latest news out of Washington.
Inflation hits highest level in 40 years
The Consumer Price Index climbed 0.6% in January, meaning the average cost of goods is up 7.5% since the same time last year. Meantime, first-time jobless claims fell for a third straight week. CBS News senior White House and political correspondent Ed O'Keefe has more on how the Biden administration is handling the latest economic news.
MoneyWatch: Wedding cost woes
Certain cities are getting more expensive to live in as inflation rises. Americans are spending big this Valentine's Day. And CBS MoneyWatch reporter Megan Cerullo joins "CBS News Mornings" to explain why 2022 weddings are costing couples more money.
Face The Nation: Murphy, Kinzinger, Daly
Missed the second half of the show? The latest on governors lifting their states' COVID-19 mask mandates, the January 6 Committee and the Fed's battle with inflation.
Chipotle plans to hike menu prices again, citing inflation
Restaurant chain is paying more for beef, avocados and freight — and passing those costs on to consumers.
U.S. inflation in January surged at fastest rate in 40 years
Consumer prices have surged 7.5% over the last year as higher fuel, food and shelter costs put the squeeze on consumers.
Despite soaring inflation, some things are getting cheaper
Consumer prices are rising at their fastest clip in decades, but a handful of products have gotten less expensive.
Giving flowers or chocolate for Valentine's Day? Prepare to pay more.
Inflation and supply-chain problems are making it more expensive to show your love this year.
Starbucks to raise prices for the third time since October
Prices at fast-food restaurants jumped 8% last year. But corporate profits are also getting a bump through higher menu charges.
Live
Tehran threatens to retaliate after U.S. attacks vital Iranian oil hub
President Trump's comments came shortly after he said that the U.S. military had conducted "one of the most power bombing raids" on a vital Iranian oil hub.
FCC chair threatens broadcast licenses as Trump criticizes Iran war coverage
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
U.S. offers $10 million, chance to relocate for info on Iran's leaders
The State Department is seeking information on Iran's new supreme leader and nine other "key leaders" in the Islamic Revolutionary Guard Corps.
How would escorting oil tankers through Strait of Hormuz work?
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
What to know about Kharg Island, the Iranian oil site struck by U.S.
Kharg Island is a small, heavily fortified, and strategically valuable island off Iran's northern coast.
Hamas calls on Iran to stop "targeting neighboring countries"
Hamas called on Iran to refrain from targeting neighboring countries, while affirming Tehran's right to defend itself.
Russian strike on Kyiv region kills 4 people and wounds at least 15
The attack hit four districts, damaging residential buildings, educational institutions and critical infrastructure, officials said.
Pope Leo moves into papal residence eschewed by Pope Francis
His predecessor, Pope Francis, lived in a simple apartment in the Santa Marta guesthouse in the Vatican.
Dr. Oz pledges to tackle hospice fraud: "Do not steal from the American people"
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
U.S.
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FCC chair threatens broadcast licenses as Trump criticizes Iran war coverage
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
Sinema admits romance with security guard as she fights ex-wife's lawsuit
The attorney for former U.S. Sen. Kyrsten Sinema says she shouldn't be subject to a lawsuit by the ex-wife of her former lover.
Trump thanks TSA agents working with no pay amid government shutdown
TSA officers faced their first full missed paycheck Friday.
Remains of sailor identified more than 8 decades after Pearl Harbor attack
U.S. Navy Seaman 1st Class Clyde C. McMeans, 26, was one of the 103 USS California crewmen killed during attacks on Pearl Harbor in 1941.
How a beloved resident has been embraced by his town for more than a half-century
Clinton, New Jersey, is known primarily for its old grist mill, its quaint downtown, and its historic resident, "Dave the Rave."
MoneyWatch
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How would escorting oil tankers through Strait of Hormuz work?
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
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?
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.
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.
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.
Politics
More Politics
FCC chair threatens broadcast licenses as Trump criticizes Iran war coverage
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
Trump thanks TSA agents working with no pay amid government shutdown
TSA officers faced their first full missed paycheck Friday.
U.S. offers $10 million, chance to relocate for info on Iran's leaders
The State Department is seeking information on Iran's new supreme leader and nine other "key leaders" in the Islamic Revolutionary Guard Corps.
How would escorting oil tankers through Strait of Hormuz work?
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
DOJ moves to drop charges against man who burned American flag outside White House
Jan Carey was facing two misdemeanor criminal counts in Washington, D.C., federal court.
HealthWatch
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A dad's colon cancer spread to lungs. He says what happened next was a miracle.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
Dr. Oz pledges to tackle hospice fraud: "Do not steal from the American people"
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
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.
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.
"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.
World
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Pope Leo moves into papal residence eschewed by Pope Francis
His predecessor, Pope Francis, lived in a simple apartment in the Santa Marta guesthouse in the Vatican.
What to know about Kharg Island, the Iranian oil site struck by U.S.
Kharg Island is a small, heavily fortified, and strategically valuable island off Iran's northern coast.
Russian strike on Kyiv region kills at least 6 people and wounds dozens
The attack hit four districts, damaging residential buildings, educational institutions and critical infrastructure, officials said.
Police chase wild boar wandering in mall with blowgun, riot shields
The wild boar sparked a police response that drew in officers and veterinarians equipped with a tranquilizer gun, shields and even a blowgun.
Hamas calls on Iran to stop "targeting neighboring countries"
Hamas called on Iran to refrain from targeting neighboring countries, while affirming Tehran's right to defend itself.
Entertainment
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Entertainment
Meet one of the last true paparazzi
Pascal Rostain, one of the last-standing "traditional" paparazzi photographers, talks to "CBS Saturday Morning" about how the industry has changed in a world of smartphones and social media.
Oscars 2026 predictions
Kat Rosenfield, a culture writer for the Free Press, joins "CBS Saturday Morning" to preview the 98th Academy Awards and discuss her new novel, "How to Survive in Woods." The Free Press is a Paramount publication.
Jay Buchanan performs "Deep Swimming"
Jay Buchanan is the frontman for the Grammy-nominated rock group Rival Sons. Outside of the band, he's collaborated with Brandi Carlile, Jason Isbell, and the Bee Gees' Barry Gibb. His debut solo album, Weapons of Beauty, is out now. Here's Jay Buchanan performing "Deep Swimming."
Jay Buchanan performs "Sway"
Jay Buchanan is the frontman for the Grammy-nominated rock group Rival Sons. Outside of the band, he's collaborated with Brandi Carlile, Jason Isbell, and the Bee Gees' Barry Gibb. His debut solo album, Weapons of Beauty, is out now. Here's Jay Buchanan performing "Sway."
Jay Buchanan performs "True Black"
Jay Buchanan is the frontman for the Grammy-nominated rock group Rival Sons. Outside of the band, he's collaborated with Brandi Carlile, Jason Isbell, and the Bee Gees' Barry Gibb. His debut solo album, Weapons of Beauty, is out now. Here's Jay Buchanan performing "True Black."
Technology
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Technology
Solar farm development faces pushback
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
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.
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.
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.
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.
Science
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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.
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.
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.
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.
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.
Crime
More Crime
Players Championship start delayed amid manhunt for murder suspect
Suspect Christian Barrios, 32, shot two people multiple times Friday night, St. Johns County Sheriff Rob Hardwick said.
Judge in Charlie Kirk murder case makes ruling on media access
Prosecutors intend to seek the death penalty for Tyler Robinson, 22, who is charged with aggravated murder in the Sept. 10 shooting of Charlie Kirk.
FBI: Synagogue attacker died by suicide
The suspect in the Michigan synagogue attack died from a self-inflicted gunshot wound, the FBI said at a news conference on Friday. CBS News correspondent Ash-har Quraishi has the latest.
Officials give update on synagogue attack
Officials in Michigan gave an update about Thursday's synagogue car ramming attack that the FBI is investigating as a "targeted act of violence against the Jewish community." CBS News national security contributor Sam Vinograd has more.
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.
Space
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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.
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.
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.
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.
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.
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.
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
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Latest CBS News Videos
Breakdown of U.S. strikes on Kharg Island
President Trump's announcement about strikes on Kharg Island has sparked more questions about the potential of U.S. military boots on the ground.
Meet one of the last true paparazzi
Pascal Rostain, one of the last-standing "traditional" paparazzi photographers, talks to "CBS Saturday Morning" about how the industry has changed in a world of smartphones and social media.
The Dish: Raoul's
Since Raoul's landed on Prince Street in New York's SoHo neighborhood 50 years ago, it's become one of the city's most prized bistros. "CBS Saturday Morning" goes behind the scenes to learn more about the story behind the legendary family business.
Oscars 2026 predictions
Kat Rosenfield, a culture writer for the Free Press, joins "CBS Saturday Morning" to preview the 98th Academy Awards and discuss her new novel, "How to Survive in Woods." The Free Press is a Paramount publication.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that might just become essentials in your everyday life. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.