Social Security sets its COLA increase for 2026 at 2.8%
Social Security's annual cost-of-living adjustment is aimed at helping the program's 75 million beneficiaries keep pace with inflation.
Inflation
New data shows inflation rose in September
New Consumer Price Index data for September has emerged, showing inflation rose but at a slower pace than expected. CBS News contributor Javier E. David has more.
Here's what economists say to expect from Friday's inflation report
Economists think inflation around the U.S. continued to climb in September, edging farther away from the Fed's 2% annual target.
Tariffs impacting consumer prices: analysis
A new analysis shows that President Trump's tariffs are starting to have an impact on businesses and consumers. The St. Louis Federal Reserve found that companies passed 35% of tariff costs onto shoppers early this summer. CBS News MoneyWatch reporter Megan Cerullo has more.
Price of gold hit record high this week. Here's why.
The rush for gold continues as economic uncertainty deepens and anxious investors seek a safe haven for their money.
California restaurant owner says tariffs, inflation leave him "barely breaking even"
The National Restaurant Association says menu prices for U.S. restaurants would need to increase by 30.3% just to maintain a thin profit margin of 5% under the current economic conditions.
Restaurant owner says he's "barely breaking even"
One family's legacy, an Italian restaurant called Sunday Gravy that's been operating for decades, is now "barely breaking even," owner Sol Bashirian says, as tariffs and inflation are eating into its profits. Elise Preston reports.
Government shutdown delays Social Security's cost-of-living announcement
Citing the shutdown, the Social Security Administration postponed its announcement of the annual payment bump beneficiaries will receive in 2026.
Economists expect faster growth, but weaker job gains, through 2025
The U.S. economy picked up speed in the second half of the year, although job growth and inflation remain a concern, economists say.
Market sell-off amid U.S.-China trade tensions
The Dow Jones closed down on Friday after President Trump threatened new tariffs on China. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Foreclosure filings rising, report finds
As more U.S. homeowners struggle to keep up with mortgage payments and maintenance costs, new data shows the number of property foreclosures is steadily rising. CBS News contributor Javier David has more.
Federal Reserve officials remain cautious on future rate cuts
Minutes from September Fed meeting reveal a divide between members who support additional rate cuts and those worried about inflation.
Americans think economy's getting worse: poll
New CBS News polling shows the growing pessimism Americans have about the U.S. economy, with more people sharing concerns about the job market and the potential risk AI might pose to the workforce in the years ahead. CBS News' Anthony Salvanto has the numbers.
Inflation held steady in August, in line with economist forecasts
Inflation has eased since peaking in 2022, but remains above the Fed's 2% annual target
GDP revision finds growth at 3.8% pace
The U.S. government has reported its final second-quarter revision, which found that the U.S. gross domestic product grew at a strong 3.8% pace. The Director of the National Economic Council, Kevin Hassett, joins "The Takeout" to discuss.
Rising grocery prices could lead to shrinkflation, food industry analyst says
Overall grocery prices in August 2025 rose 2.7% compared to one year ago, according to the U.S. Bureau of Labor Statistics Consumer Price Index.
Expert breaks down grocery price increases
Food prices started rising rapidly during COVID-19. Since then, food inflation has slowed, but prices are still going up. Jo Ling Kent reports.
How the interest rate impacts Americans
The Federal Reserve's latest decision to implement a cut to its benchmark interest rate comes after lagging job growth. Allie Kelly, a reporter for Business Insider, joins CBS News with more on the impact on America's economy.
Fed signals two more rate cuts in 2025
The Federal Reserve lowered interest rates by 0.25 percentage points on Wednesday, marking the first cut of 2025. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Why signs are pointing to a Fed rate cut
A Federal Reserve decision on U.S. interest rates is set to come on Wednesday afternoon. Officials are largely expected to lower rates for the first time in 2025. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Inflation fuels falling consumer sentiment
New data shows Americans are feeling increasingly concerned about the state of the economy. A survey reveals that consumer sentiment fell in September for the second consecutive month. CBS News senior business and technology correspondent Jo Ling Kent has more.
U.S. inflation rose in August. Here's why.
The latest Consumer Price Index numbers show inflation is rising while jobless claims hit their highest level in nearly four years. CBS News MoneyWatch correspondent Kelly O'Grady explains what to know.
The most striking figures in new inflation data
The latest Consumer Price Index shows overall prices rose by nearly 3% on an annual basis last month. There were more warning signs about the labor market. Kelly O'Grady explains.
Breaking down the latest inflation numbers
New data from the Labor Department shows that inflation ticked up last month with the consumer price index rising by nearly 3% in August compared to the year before. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Social Security COLA could increase 2.7% in 2026, new estimate shows
A 2.7% COLA increase would raise the average monthly Social Security payment by about $54.
Live
Iran says deal with U.S. requires Israeli forces to leave Lebanon
Iran's foreign minister says Israeli troops can't remain in Lebanon under the pending deal with the U.S.
Detainees moved out of "Alligator Alcatraz" over hurricane concerns, ICE says
ICE has moved detainees out of a controversial soft-sided detention center in the Florida Everglades known as "Alligator Alcatraz," a spokesperson said, citing safety concerns around hurricane season.
What to expect as Kevin Warsh leads his first Fed interest rate meeting
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
Trump-backed Rep. Mike Collins projected to win Georgia GOP Senate primary runoff
Rep. Mike Collins will face off against Democratic Sen. Jon Ossoff in November as Republicans look to Georgia to deliver a key GOP victory that could determine control of the Senate.
Trump invokes Defense Production Act to boost weapons manufacturing
President Trump has invoked the Defense Production Act to address constraints in the production of munitions, according to a presidential memo released Tuesday.
Suspect in custody after deadly shooting at Wilmington Hospital
A suspect was taken into custody in Philadelphia in connection with the shooting at Wilmington Hospital that left one person dead and another injured, police said.
Feds reveal new details of alleged plot to attack White House UFC event
The FBI said it disrupted an attempt to attack Sunday's UFC America 250 event at the White House, with court records detailing an alleged plot to use small drones carrying explosives.
Alleged D.C. National Guard shooter could face death penalty with new charges
New charges were filed against a man accused of fatally shooting one National Guard member and gravely injuring another in Washington, D.C., opening the door for the DOJ to seek the death penalty if he's convicted.
Rick Jackson wins Georgia GOP gubernatorial nomination, CBS News projects
Rick Jackson, the billionaire healthcare executive who grew up in poverty and spent time in Atlanta's public housing projects, has won the Republican runoff for Georgia governor, CBS News projects.
U.S.
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Want to start a business? AI can help, business owners say
AI is slashing the cost of starting and running a business. "Everything has decreased in cost and increased in speed," one entrepreneur said.
Dramatic rescue efforts after fiery small plane crash in Texas kills 1
A business jet with six on board crashed on a Laredo, Texas, highway and caught fire, killing one person and causing chaos as passersby frantically tried to save those inside.
Trump-backed Barry Moore projected to win runoff in Alabama GOP Senate primary
Rep. Barry Moore won the Republican Senate runoff in Alabama on Tuesday night, CBS News projects, defeating political newcomer and U.S. Navy Seal Jared Hudson.
Trump-backed Rep. Mike Collins projected to win Georgia GOP Senate primary runoff
Rep. Mike Collins will face off against Democratic Sen. Jon Ossoff in November as Republicans look to Georgia to deliver a key GOP victory that could determine control of the Senate.
Alleged D.C. National Guard shooter could face death penalty with new charges
New charges were filed against a man accused of fatally shooting one National Guard member and gravely injuring another in Washington, D.C., opening the door for the DOJ to seek the death penalty if he's convicted.
MoneyWatch
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Want to start a business? AI can help, business owners say
AI is slashing the cost of starting and running a business. "Everything has decreased in cost and increased in speed," one entrepreneur said.
What to expect as Kevin Warsh leads his first Fed interest rate meeting
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
Yum! Brands sells struggling Pizza Hut in $2.7 billion deal
The sale will split ownership of the pizza chain between a U.S.-based private equity firm and a Chinese restaurant company.
SpaceX to buy AI coding assistant Cursor for $60 billion
The deal comes just days after SpaceX went public in the largest IPO in history, raising $75 billion to help fund its expansion.
Electricity costs expected to hit record this summer, new analysis finds
A new analysis projects how much Americans will pay for electricity from June to September, depending on their state of residence.
Politics
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Detainees moved out of "Alligator Alcatraz" over hurricane concerns, ICE says
ICE has moved detainees out of a controversial soft-sided detention center in the Florida Everglades known as "Alligator Alcatraz," a spokesperson said, citing safety concerns around hurricane season.
Trump-backed Barry Moore projected to win runoff in Alabama GOP Senate primary
Rep. Barry Moore won the Republican Senate runoff in Alabama on Tuesday night, CBS News projects, defeating political newcomer and U.S. Navy Seal Jared Hudson.
Latest U.S. strike on alleged drug boat kills 1, leaves 2 survivors, Pentagon says
Critics have questioned the overall legality of the boat strikes as well as their effectiveness since the U.S. military began them in September 2025.
Trump-backed Rep. Mike Collins projected to win Georgia GOP Senate primary runoff
Rep. Mike Collins will face off against Democratic Sen. Jon Ossoff in November as Republicans look to Georgia to deliver a key GOP victory that could determine control of the Senate.
Alleged D.C. National Guard shooter could face death penalty with new charges
New charges were filed against a man accused of fatally shooting one National Guard member and gravely injuring another in Washington, D.C., opening the door for the DOJ to seek the death penalty if he's convicted.
HealthWatch
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Ebola outbreak still spreading in Congo: "We are missing cases"
A WHO official tells CBS News Ebola is still spreading in Congo after a month, as experts race to contain the outbreak in Central Africa.
American doctor who recovered from Ebola back in U.S., says he's "feeling well"
Dr. Peter Stafford, his wife, Rebekah Stafford, and their four children all arrived safely on Monday, according to Serge, a Pennsylvania-based Christian missions organization.
They're uninsured after Obamacare became too costly. They're far from alone.
After congressional Republicans let expanded subsidies for Affordable Care Act plans expire at the end of last year, some families have decided the price is too great of a financial burden and canceled their coverage.
Organic formula recalled after 3 babies diagnosed with infant botulism
The affected formula was sold at Target and at Nara.com, according to the Food and Drug Administration.
6/14: Sunday Morning
Hosted by Jane Pauley. Featured: The lack of obesity in Japan; Vice President JD Vance and second lady Usha Vance; former child star Bill Mumy; the past and future of the Houston Astrodome; a time capsule for America's 500th birthday; and soccer art made with gum wrappers.
World
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Latest U.S. strike on alleged drug boat kills 1, leaves 2 survivors, Pentagon says
Critics have questioned the overall legality of the boat strikes as well as their effectiveness since the U.S. military began them in September 2025.
Senate rejects latest resolution to limit Trump's Iran war powers
The Senate narrowly rejected a war powers resolution on Iran as President Trump touts a framework agreement with Tehran to end the monthslong conflict.
Dead or stranded: Commercial sailors suffer in the Strait of Hormuz
India alone has more than 18,000 sailors stuck across the Persian Gulf region. Some tell CBS News it feels like they're "in jail."
Russian artist and Putin critic shot dead in Poland
Semyon Skrepetsky was known for performances and artwork attacking Russian President Vladimir Putin and other authoritarian leaders.
Despite Trump's assurances, shippers wait and see on Strait of Hormuz
President Trump says there's a "safe, secure and pristine" route through the Strait of Hormuz, but major shipping companies aren't convinced.
Entertainment
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Entertainment
America250 announces concert headliners, host
Chris Stapleton and The Smashing Pumpkins are set to headline America250's "America's Block Party Concert," with Queen Latifah set to host. Rosie Rios, the chair of America250, joins CBS News 24/7 with more.
A look at the adaptation of "I Will Find You"
Harlan Coben talks about casting for the Netflix adaptation of his 2023 bestselling novel "I Will Find You." The series stars Sam Worthington, who describes how fatherhood impacted him in his role and how he sees his character.
"Star Wars" lightsaber and more iconic film props going up for auction
Luke Skywalker's lightsaber from the "Star Wars" sequel "The Empire Strikes Back" is expected to sell for at least $1 million at an upcoming auction.
Serena and Venus Williams to play doubles together again, at Wimbledon
Serena and Venus Williams are getting back together as a doubles team, at Wimbledon. The last time the sisters were a doubles duo was at the 2022 U.S. Open, where they lost their opening match.
Billy Porter on "La Cage Aux Folles"
Billy Porter speaks with "CBS Mornings" about starring in the off-Broadway revival of the musical "La Cage Aux Folles," working with Wayne Brady and recent health issues.
Technology
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Want to start a business? AI can help, business owners say
AI is slashing the cost of starting and running a business. "Everything has decreased in cost and increased in speed," one entrepreneur said.
SpaceX to buy AI coding assistant Cursor for $60 billion
The deal comes just days after SpaceX went public in the largest IPO in history, raising $75 billion to help fund its expansion.
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.
Anthropic to meet Trump officials, Axios says
Anthropic's senior staff is planning to meet with White House officials amid a recent dispute over the company's safety measures. Maria Curi, a tech reporter for Axios, has more.
U.K. announces plan to ban social media for children under 16
U.K. Prime Minister Keir Starmer hopes to have a ban on kids using social media that is "designed to be addictive" enacted by early next year.
Science
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Science
Watch: Pentagon releases 6 new UFO videos
The Defense Department released a third batch of UFO files on Friday, three weeks after its second drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
Goblin shark seen alive in natural deep-sea habitat for the first time
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
World's largest whale graveyard found by sub at bottom of ocean
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Great white shark captured on video in Mediterranean in rare sighting
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
Crime
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Crime
Former FBI agent on alleged UFC attack plot
Law enforcement sources tell CBS News officials allegedly seized weapons, thousands of rounds of ammunition, and tactical gear while conducting search warrants in connection with the foiled plot to attack the UFC event at the White House over the weekend. CBS News security and law enforcement contributor Lance Leising has more.
Police: Wilmington shooting suspect at large
Police in Delaware are still searching for a suspect who shot two people at Wilmington Hospital on Tuesday, officials said at a news conference. At least one person is dead and another injured.
FBI foils alleged murder plot at UFC fight
Federal prosecutors charged at least five people in connection with an alleged plot to kill the president and countless others at Sunday's UFC cage fight on the White House lawn. Ed O'Keefe reports.
5 charged in foiled White House UFC plot
The FBI disrupted an alleged plot targeting the White House UFC event, officials announced Tuesday. CBS News Department of Justice reporter Jake Rosen has the details.
Alleged D.C. National Guard shooter could face death penalty with new charges
New charges were filed against a man accused of fatally shooting one National Guard member and gravely injuring another in Washington, D.C., opening the door for the DOJ to seek the death penalty if he's convicted.
Space
More Space
NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
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.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
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?
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
Details of U.S.-Iran peace deal remain unknown
Lawmakers on Capitol Hill are calling on the White House to release the text of the tentative deal reached with Iran to end the war. Both Democrats and Republicans have said they are eager to see the details. CBS News national security analyst Aaron MacLean has more.
Former FBI agent on alleged UFC attack plot
Law enforcement sources tell CBS News officials allegedly seized weapons, thousands of rounds of ammunition, and tactical gear while conducting search warrants in connection with the foiled plot to attack the UFC event at the White House over the weekend. CBS News security and law enforcement contributor Lance Leising has more.
Study: Online views on democracy vary by platform
A new Gallup study reveals that social media users across platforms differ in how they express their views on democracy. Dr. Ellyn Maese, senior researcher at Gallup and author of the study, joins CBS News to unpack the findings.
Extended interview: Sen. Raphael Warnock
In this extended interview, CBS News chief Washington correspondent Major Garrett sits down with Democratic Sen. Raphael Warnock of Georgia to discuss the Iran war, voting rights and morality in America.
Trump slams Israel, praises Iran at G7 summit
President Trump praised Iranian leaders while slamming his greatest ally in the Middle East, Israel, at the G7 summit on Tuesday. Nancy Cordes has more details.