CPI surged in April as inflation soars to highest level in almost 3 years
U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.
Iran
Consumer inflation reaches a nearly 3-year high
As the war with Iran drags on, the cost of living is rising faster than wages, putting a major squeeze on middle and working-class Americans. Kelly O'Grady reports.
How Hegseth is justifying the military budget
Lawmakers on Capitol Hill grilled Pentagon officials on Tuesday over the military's $1.5 trillion funding request for the 2027 fiscal year. CBS News congressional reporter Taurean Small has more.
White House invites business titans on China trip
The White House invited 16 top U.S. executives to join President Trump on his trip to China. CBS News contributor Patrick McGee joins "The Takeout" to discuss what the move could signal to Beijing.
Americans feel pinch of war with Iran
The new inflation report shows that the war with Iran is taking a toll on Americans' finances, but President Trump said on Tuesday that's not a priority when making decisions about the conflict. CBS News' Javier David and Olivia Rinaldi have more.
Trump on "only thing that matters" in Iran talks
Before leaving for China on Tuesday, President Trump told reporters that he doesn't think about Americans' financial situations "not even a little bit" when negotiating a deal with Iran. CBS News senior White House and political correspondent Ed O'Keefe reports.
Inflation at highest level in nearly 3 years
Inflation is now at its highest level in nearly three years, in large part due to skyrocketing energy costs from the Iran war. Arjun Murti, partner at the energy sector firm Veriten and author of the energy-focused Substack newsletter "Super-Spiked," joins with analysis.
Trump downplays Iran war's role in Xi summit
Ahead of a summit in Beijing, President Trump said he and Chinese President Xi Jinping have almost nothing to talk about when it comes to the war with Iran. CBS News national security analyst Aaron MacLean joins to discuss.
Trump-Xi summit expected to focus on trade, AI
President Trump departed the White House for Beijing on Tuesday to attend a summit with Chinese President Xi Jinping. Chris McGuire, senior fellow at the Council on Foreign Relations, joins CBS News to unpack the topics the leaders are expected to discuss.
Hegseth spars with Murphy over Iran
Connecticut Democratic Sen. Chris Murphy asked Chairman of the Joint Chiefs of Staff Gen. Dan Caine and Defense Secretary Pete Hegseth about military options to open the Strait of Hormuz, and about reports of an apparent intelligence assessment on Iran's nuclear capacity that may contradict President Trump's past statements. The exchange occurred during a Senate panel hearing on the Pentagon's 2027 budget request.
Trump takes questions before going to Beijing
Moments before President Trump left for his trip to Beijing on Tuesday, he took questions from reporters on the Iran war, inflation, and more. Following Mr. Trump's comments, CBS News' Olivia Rinaldi, Kelly O'Grady and Sam Vinograd provided context.
Lawmakers push Hegseth for real cost of war
Defense Secretary Pete Hegesth and other Pentagon officials are testifying Tuesday on Capitol Hill over next year's proposed $1.5 trillion budget. CBS News' Nikole Killion has the latest.
What to expect from Trump's China trip
President Trump heads to Beijing on Tuesday to meet with Chinese President Xi Jinping, one day after saying the U.S.-Iran ceasefire is on "massive life support." CBS News' Natalie Brand has more.
Lawmakers grill Hegseth over budget request
Pentagon officials are on Capitol Hill to make the case for a $1.5 trillion 2027 budget amid the Iran war. CBS News' Nikole Killion reports.
Inflation accelerated in April
New inflation data shows a concerning trend in April as the Iran war impacts Americans' wallets. CBS News' Kelly O'Grady reports.
U.S. and Iran trade threats to end ceasefire
President Trump says the Iran ceasefire is on "life support" after he rejected a proposal from Tehran for peace talks. CBS News' Nancy Cordes and Courtney Kealy report.
Trump's Iran war impact follows him to China
President Trump is headed to China as the Iran war continues to impact the world's economy. This comes as China continues to vie for Taiwan. CBS News' Anna Coren reports.
Trump pushes to suspend federal gas tax
President Trump told CBS News' Nancy Cordes that he intends to suspend the federal gas tax amid higher prices.
Trump weighing pausing federal gas tax
President Trump told CBS News' Nancy Cordes that he is weighing pausing the federal gas tax, but the temporary relief may not be enough for Americans affected by higher pump prices amid the Iran war.
Trump to meet with China's Xi Jinping
President Trump is headed to China to meet with Xi Jinping as the Iran war continues and Taiwan's future remains at stake. Isaac Stone Fish, the CEO and founder of Strategy Risks, joins with more.
Trump says Iran ceasefire is on life support
President Trump is warning that the ceasefire with Iran is on "life support" as Iran threatens violence if U.S. attacks resume. CBS News' Aaron Navarro and Aaron MacLean report.
Iran hangs another man as executions increase during war
Since the start of the war, Iran has ramped up executions, particularly in cases involving alleged espionage or security-related charges.
Mediator Pakistan allowed Iran to park military aircraft on its airfields
The effort potentially shielded Iranian aircraft from American airstrikes, according to U.S. officials with knowledge of the matter.
Iran vows to fight on as Trump says ceasefire is "on life support"
President Trump is expected to encourage China to pressure Iran to make a deal to end the war when he visits Beijing this week and meets with President Xi Jinping.
Trump pushes for pause on federal gas tax
President Trump told CBS News exclusively on Monday that he wants to suspend the federal gas tax to give Americans some relief at the pump as the war with Iran continues. CBS News senior White House and political correspondent Ed O'Keefe has more.
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