Sneaky ways inflation impacts your money in 2023
Inflation has a way of affecting nearly every aspect of our finances. Here are major changes to watch for in 2023.
Internal Revenue Service
IRS says it sent 12 million refunds for jobless aid glitch
The tax agency said it just finished sending the refunds to workers who paid tax on unemployment benefits that they didn't owe.
Here's how likely millionaires are to be audited by the IRS
Although IRS critics raise concerns about onerous enforcement, high-income earners have little to fear, group finds.
Revelations from Trump taxes
After a years-long legal battle between former President Donald Trump and Congress, on Friday House Democrats released six years' worth of Trump's tax returns, just days before Republicans take control of the House. CBS News Congressional Correspondent Scott MacFarlane reports some of the revelations, from how little taxes he paid, to the lack of an audit, as was expected by the IRS.
What we're learning from Trump's tax returns
The thousands of pages of documents released by congressional Democrats paint a more detailed picture of former president Donald Trump's finances over a six-year period, including his time in the Oval Office. Steven Rosenthal, a senior fellow at the Urban-Brookings Tax Policy Center, joins CBS News to break down what the documents tell us.
Legal analyst on release of Trump tax returns
The House Ways and Means Committee has released six years of tax returns from former President Donald Trump. CBS News legal contributor Jessica Levinson spoke with Lana Zak about the potential legal ramifications for Trump, this family and his businesses based on the newly public information.
House Democrats release Trump's tax returns
House Democrats released six years of former President Trump's tax returns on Friday, in the culmination of a long battle that went all the way to the U.S. Supreme Court. CBS News' Skyler Henry reports from Capitol Hill, then CBS News chief election and campaign correspondent Robert Costa joins anchor Lana Zak to discuss the impact.
House panel releases Trump's tax returns
The Democratic-controlled House Ways and Means Committee released six years of former President Donald Trump's tax returns, ending Trump's years-long legal battle to keep them secret. Meanwhile, the Jan. 6 committee has released another round of witness transcripts. Scott MacFarlane reports.
Trump's federal tax returns are released: Here's what we know
The documents contain details that were not previously public, such as loans he gave to his children, income from book royalties and Melania's modeling, and how much of his presidential salary was given to charity.
Forensic analyst dives into Trump tax returns
A House committee released years of former President Donald Trump's tax returns Friday. Forensic analyst Bruce Dubinksy says that while the thousands of pages of information will take days to comb through, so far he's seeing no major red flags -- but there are questions about certain parts of his finances, and it's clear Mr. Trump took advantage of legal tax loopholes.
House panel set to release Trump's tax returns Friday
A key House panel is expected to release portions of former President Donald Trump's tax returns Friday. The House Ways and Means Committee voted last week to make six years of Trump's returns public. CBS News congressional correspondent Scott MacFarlane discussed the upcoming release of those documents.
IRS will delay requirement to report $600 in gig work on taxes
Most online sellers will be spared from tracking and reporting side-hustle income on their taxes for at least another year.
IRS conducted Biden audits, House passes requirement for IRS audit of president
For tax year 2021, the Bidens owed an additional $13. It could have been waived, the White House said, "but they chose to pay."
Anticipating release of Trump's tax returns
The House Ways and Means Committee is expected to release six years' worth of former President Donald Trump's tax returns, after voteing Tuesday night along party lines in favor of making the documents public. Bloomberg congressional and tax reporter Laura Davison joins CBS News to discuss.
Year-end financial moves to save on taxes
Max out contributions to your 401k, prune investments and make sure you've paid enough to reduce headaches in April.
House committee meets to discuss public release of Trump's tax returns
The Democratic-controlled House Ways and Means Committee is expected to vote Tuesday on whether to publicly release years of the former president's tax returns.
Don't bank on getting your tax refund quickly, IRS cautions
Tax agency cautions Americans not to expect to receive refunds by specific date to pay bills or make big purchases.
Millions of U.S. taxpayers still waiting for their refunds
The IRS is already cautioning taxpayers not to count on getting their refund by any specific date in 2023.
Many taxpayers can expect smaller refunds
Many Americans should brace for smaller refunds next April, since several pandemic relief programs are set to expire. CBS MoneyWatch associate managing editor Aimee Picchi joins "CBS News Mornings" with the latest.
Made money online this year? You could owe more in taxes
Under new IRS rule, anyone who earned more than $600 this year by selling things online or doing gig work could face tax hit.
IRS hires 4,000 customer service workers ahead of 2023 tax season
Treasury and IRS officials have said they want to put an end to poor customer service.
IRS makes changes for inflation
The Internal Revenue Service has announced several adjustments to account for the impact of inflation. These include higher federal income tax brackets and standard deductions for the year 2023. CBS News MoneyWatch associate managing editor Aimee Picchi joins the show to break down these forthcoming changes and more.
Extended deadline for filing your tax return is almost here
About 19 million people asked the IRS for an additional six months to submit their returns. The clock is ticking.
How to avoid being overcharged when filing your taxes
The deadline to file taxes is right around the corner, and millions of Americans are rushing to file before the deadline. Washington Monthly contributing editor and author Anne Kim joined CBS News to give some tips on which tax preparation companies to use and how to avoid being overcharged.
Republicans warning of army of 87,000 IRS agents that will harass Americans
Where did this idea originate, and is there any truth to it? Here's what to know about whether 87,000 tax men cometh.
Live
Israel and Iran trade attacks after Israel's deadly strike in Beirut
Israel said Sunday that Iran has launched missiles at it in the first such bombardment since a fragile ceasefire took effect in early April.
Himes says Pulte in intel role is Trump's "worst and most dangerous" appointment
The top Democrat on the House Intelligence Committee said the timing of the appointment takes FISA Section 702 reauthorization "off the table."
Lawsuit attempts to stop UFC fight at White House on Trump's birthday
The lawsuit calls the event "deeply corrupt" and argues that it seeks to enrich the president and his allies and lacks proper authorization.
Who won Tony Awards for 2026? See the full winners list here
"Schmigadoon!" — which was tied for the most nominations, with 12 — won Best Musical, and "Liberation" took home the honor of Best Play at the 2026 Tony Awards.
Teen dies after showing symptoms of heat-related illness on Grand Canyon hike
An 18-year-old died last week on a hike deep in the Grand Canyon, after showing symptoms of heat-related illness, the National Park Service said.
Khanna condemns Platner's past actions, but "they didn't come as a surprise" to Maine voters
"His actions were misogynistic, they were shameful, they were wrong," Democratic Rep. Ro Khanna, who campaigned with the Senate candidate on Friday, said.
7.8 magnitude earthquake shakes southern Philippines, triggers tsunami watch
Tsunami waves were possible in the Phillipines, Taiwan, Japan, Guam, Papua New Guinea and several island nations and territories in the western Pacific.
Federal judges face threats after ruling against the Trump administration
Federal judges say criticism from President Trump can put their safety at risk. The White House says the president "understands the dangers of political violence."
Trump says U.S. shipbuilding is in a crisis as it lags far behind China
China rolls out over 1,000 cargo ships a year, while the U.S. – maybe three. The Trump administration has called this a crisis with both economic and national security risks.
U.S.
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Lawsuit attempts to stop UFC fight at White House on Trump's birthday
The lawsuit calls the event "deeply corrupt" and argues that it seeks to enrich the president and his allies and lacks proper authorization.
Teen dies after showing symptoms of heat-related illness on Grand Canyon hike
An 18-year-old died last week on a hike deep in the Grand Canyon, after showing symptoms of heat-related illness, the National Park Service said.
Full transcript of "Face the Nation with Margaret Brennan," June 7, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Ro Khanna and Don Bacon join Margaret Brennan.
Khanna condemns Platner's past actions, but "they didn't come as a surprise" to Maine voters
"His actions were misogynistic, they were shameful, they were wrong," Democratic Rep. Ro Khanna, who campaigned with the Senate candidate on Friday, said.
Young applicants discuss the challenges of today's job search
With the unemployment rate for young workers about twice as high as the national average, "Sunday Morning" talks with recent graduates from across the country about how AI is affecting both their prospects and the hiring process itself.
MoneyWatch
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Young applicants discuss the challenges of today's job search
With the unemployment rate for young workers about twice as high as the national average, "Sunday Morning" talks with recent graduates from across the country about how AI is affecting both their prospects and the hiring process itself.
Prediction markets have become a draw for young men. Here's why
Prediction markets have become a draw for young men in search of quick cash and thrills, experts say. "I had almost $4,600 at one point but squandered that," one man said.
The job market is much stronger than economists expected. Why?
Americans say it's tough to find a job, but employers just added a surprisingly strong 172,000 new hires in May.
Second Facebook privacy settlement payment is coming soon
The additional payouts come from uncashed settlement funds and will be issued to eligible claimants beginning on June 9.
Employers added 172,000 jobs in May, surging past expectations
The labor market continues to show strength despite rising inflation and concerns about slowing economic growth.
Politics
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Lawsuit attempts to stop UFC fight at White House on Trump's birthday
The lawsuit calls the event "deeply corrupt" and argues that it seeks to enrich the president and his allies and lacks proper authorization.
Full transcript of "Face the Nation with Margaret Brennan," June 7, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Ro Khanna and Don Bacon join Margaret Brennan.
Khanna condemns Platner's past actions, but "they didn't come as a surprise" to Maine voters
"His actions were misogynistic, they were shameful, they were wrong," Democratic Rep. Ro Khanna, who campaigned with the Senate candidate on Friday, said.
Transcript: Rep. Don Bacon on "Face the Nation with Margaret Brennan," June 7, 2026
The following is the transcript of the interview with Rep. Don Bacon, Republican of Nebraska, that aired on "Face the Nation with Margaret Brennan" on June 7, 2026.
Transcript: Rep. Ro Khanna on "Face the Nation with Margaret Brennan," June 7, 2026
The following is the transcript of the interview with Rep. Ro Khanna, Democrat of California, that aired on "Face the Nation with Margaret Brennan" on June 7, 2026.
HealthWatch
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The promises and pitfalls of GLP-1 drugs
Approved 20 years ago as a diabetes treatment, GLP-1 drugs have been found to help patients reduce weight, changing the lives of more than 30 million people in the U.S. But there also have been troubling side effects reported.
The promises and pitfalls of GLP-1 drugs
Approved 20 years ago as a treatment for diabetes, GLP-1 drugs have been found also to help patients significantly reduce weight. More than 30 million people in the U.S. have had their lives changed by GLP-1 medications. But there have also been troubling side effects reported. Correspondent Tracy Smith talks with experts who say the drugs might prove useful in treating other diseases associated with obesity (including cancer); and with patients who have taken GLP-1 drugs and experienced widely varying reactions.
A breakthrough for Type 1 diabetes treatment
A medical breakthrough is showing promise for millions of Americans with Type 1 diabetes. It's an alternative to taking insulin without the injections. Mark Strassmann has more details.
U.S. doctor with Ebola recovers from deadly virus, German hospital says
Dr. Peter Stafford was working with a missionary group in the Congo when he came down with the virus last month.
Veteran runs to fight "life-changing disease" after minor symptoms
Dr. Sara Whittingham thought she would know if something was wrong. But her minor symptoms had a surprising cause.
World
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7.8 magnitude earthquake shakes southern Philippines, triggers tsunami watch
Tsunami waves were possible in the Philippines, with smaller waves possible in Taiwan, Japan, Guam, Papua New Guinea and several island nations and territories.
Alexander Zverev becomes Grand Slam champion with French Open win
In his fourth major final, Alexander Zverev beat Flavio Cobolli 6-1, 4-6, 6-4, 6-7 (5), 6-1 for the French Open title on Sunday.
Transcript: Rep. Don Bacon on "Face the Nation with Margaret Brennan," June 7, 2026
The following is the transcript of the interview with Rep. Don Bacon, Republican of Nebraska, that aired on "Face the Nation with Margaret Brennan" on June 7, 2026.
Transcript: Rep. Ro Khanna on "Face the Nation with Margaret Brennan," June 7, 2026
The following is the transcript of the interview with Rep. Ro Khanna, Democrat of California, that aired on "Face the Nation with Margaret Brennan" on June 7, 2026.
Transcript: Rep. Jim Himes on "Face the Nation with Margaret Brennan," June 7, 2026
The following is the transcript of the interview with Rep. Jim Himes, Democrat of Connecticut, that aired on "Face the Nation with Margaret Brennan" on June 7, 2026.
Entertainment
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Who won Tony Awards for 2026? See the full winners list here
"Schmigadoon!" — which was tied for the most nominations, with 12 — won Best Musical, and "Liberation" took home the honor of Best Play at the 2026 Tony Awards.
6/7: Sunday Morning
Hosted by Jane Pauley: Featured: The Tony-nominated musical "Ragtime"; Steven Spielberg on "Disclosure Day"; GLP-1 medications; college grads' job search woes; a tour of the Sagrada Família in Barcelona; an exhibit of Queen Elizabeth II's fashion; and a honey sommelier.
The fashion of Queen Elizabeth II
During her lifetime, and her 70-year reign as Britain's monarch, Queen Elizabeth II's wardrobe was as important diplomatically as any speech she gave. A new exhibition on view at Buckingham Palace in London, "Queen Elizabeth II: Her Life in Style," is the most comprehensive look at her wardrobe, covering every decade of her life. Correspondent Alina Cho pays a visit, and also talks with fashion designer Erdem Moralioglu about how the Queen inspired his work.
"Disclosure Day" director Steven Spielberg on alien visitations
As a child, Steven Spielberg stared at a meteor shower and began his love affair with the sky. The director of the 1977 classic "Close Encounters of the Third Kind" returns with "Disclosure Day," which imagines closely-held secrets surrounding alien visitations.
Extended interview: Steven Spielberg
In this web exclusive, director Steven Spielberg talks with Turner Classic Movies host Ben Mankiewicz about his latest film, "Disclosure Day," and the science fiction influences on his work. He also discusses his beliefs about alien civilizations, given his depictions of extra-terrestrial life in some of his most popular movies.
Technology
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Prediction markets have become a draw for young men. Here's why
Prediction markets have become a draw for young men in search of quick cash and thrills, experts say. "I had almost $4,600 at one point but squandered that," one man said.
Anthropic on global pause on AI development
Anthropic is urging a pause in AI development amid growing concerns about future risks, though some experts question the company's motives. Vicky Ge Huang, a reporter for The Wall Street Journal, joins CBS News with more 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.
Alarm over computer "worms" created with AI
Experts are warning about computer "worms" created with AI that can infect devices and harm users without restraint. University of Toronto professor Nicolas Papernot joins with more.
New details on SpaceX IPO plans
SpaceX is going public this month, and it could be the largest-ever stock market debut. As it plans this move, SpaceX has amended the language in its IPO filing to address the company's growing need for water, particularly to expand its data centers. CBS News' Kelly O'Grady reports, and University of California, Riverside, associate professor Shaolei Ren joins to discuss.
Science
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El Niño could bring more widespread coral bleaching, NOAA warns
The expected arrival of El Niño this summer could trigger another mass coral bleaching event, which would be the fifth on record, researchers said.
Scientists find yeast in frozen mummy's guts, use it to make bread
More than 5,300 years ago, Oetzi the Iceman was strolling through the Alps on the border of Austria and Italy when he was killed by an arrow in the back.
Meteor lights up southern Michigan
Days after a meteor exploded over New England, another fireball was spotted, visible in the Midwest to the Northeast. Rob Marciano has more.
Ancient coin, mysterious markings found under Notre Dame cathedral
A team of archaeologists at the iconic cathedral is digging straight down and back in time, to Roman Paris 2,000 years ago.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
Crime
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Crime
12 hurt in "gunfight" at Ohio festival, police say
Twelve people were injured, two of them critically, in what police are calling a "gunfight" that broke out at the Old West End Festival in Toledo, Ohio, on Saturday. Jonah Kaplan reports.
The Plot to Eliminate Alyssa Burkett
A toxic couple orchestrates an elaborate plan to kill a mother. "48 Hours" correspondent Peter Van Sant reports.
Ex-boyfriend and fiancée behind fatal stabbing, shooting of Texas mom
What appeared to be an open-and-shut case for Texas investigators turned out to be a twisted murder plot involving victim Alyssa Beard's ex-boyfriend Andrew Beard and his fiancée Holly Elkins – who detectives say was the mastermind.
Police give update on shooting near festival
At least 12 people were wounded in a shooting near the Old West End Festival in Toledo, Ohio, officials said Saturday. The Toledo Police Department gave a press briefing on the incident.
L.A. police chase ends in deadly shooting
The freeways of Los Angeles saw two big police pursuits on Friday. The first chase ended when authorities reported that a robbery suspect was shot and killed on the busy 405 Freeway during morning rush hour. In the second incident, an alleged carjacker was taken down by a police K-9 following a meandering three-hour chase. Carter Evans has more.
Space
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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.
Blue Origin vows to resume New Glenn launches despite explosion
Damage to Blue Origin's lone launch pad in the wake of last week's spectacular explosion was not as severe as initially feared, the company said.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
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
6/7/2026: Under Siege; Turning the Ship Around; The Dog Aging Project
First, a look at threats against U.S. judges under Trump. Then, collapse of U.S. shipbuilding poses national and economic security risks. And, a dog study may help pets and humans age well.
6/7: CBS Weekend News
Iran strikes Israel for first time since April ceasefire in retaliation for Israeli attack on Beirut; 12 hurt in "gunfight" at Ohio festival, police say.
The last jeepney in San Francisco
It's part military jeep, part rolling art museum, and for Filipino Americans, it's a symbol of cultural identity and resilience. Itay Hod takes a ride on San Francisco's last jeepney.
A farmer's market for fish in San Diego
To cultivate a taste for what's local, San Diego fishermen now sell directly to customers every Saturday at the Tuna Harbor Dockside Market. It's like a farmer's market, but for fish. David Schecter reports.
Pope Leo working to broaden appeal of Catholic Chruch
Pope Leo held an arena event geared towards celebrities and influencers Sunday in Madrid. Chris Livesay reports.