1/19: CBS News Mornings
Debt limit showdown on Capitol Hill; supporting adult children amid a looming recession.
Recession
EU grapples with ongoing recession concerns
The European Commission says the European Union will "narrowly" avoid a recession, but families will still face financial pressures or the rising cost of living. Wall Street Journal Report Paul Hannon joins "CBS News Mornings" to discuss.
MoneyWatch roundup
The Consumer Confidence Index fell in February for a second straight month. And President Biden is nominating Julie Su to lead the Labor Department. Marketwatch market editor Bill Watts joined CBS News to discuss the latest on the economy.
Kristalina Georgieva: The 60 Minutes Interview
IMF’s Georgieva: the U.S. economy will likely slow down this year, but narrowly avoid a recession.
U.S. job growth surges unexpectedly
More than half a million jobs were created in January, nearly triple the expectations. Jobs in hospitality and leisure saw the biggest bump in last month's jobs report. But inflation is still stubbornly high. Carter Evans takes a look.
Fed expected to raise interest rates again
The Federal Reserve is expected to announce another interest rate hike today, but the increase is expected to be lower than previous hikes that began in March 2022. Fed Chairman Jerome Powell will address the media this afternoon. CBS News reporter Sarah Ewall-Wice joins us to discuss the significance.
Hiring boost for job-seekers this winter
If you're looking for a job or a boost in your career, experts say January and February are the best months to do it. Daniel Zhao, lead economist with Glassdoor, joins "CBS News Mornings" to discuss why and if a looming recession should cause alarm.
U.S. GDP grew 2.9% in final quarter of 2022
The economy is fighting back against inflationary pressures, but many economists say that won't last, and the economy could slow down in 2023 as an intended consequence of the Federal Reserve's efforts to rein in inflation by raising interest rates. Economist and Harvard University professor Jeffrey Frankel joined CBS News to discuss what the latest GDP data could mean for the economy moving forward.
Missed expectations drove markets, expert says
The New York Stock Exchange ended relatively flat Wednesday. Dory Wiley, the president and CEO of Commerce Street Holdings told CBS News that missed expectations drove the markets, as recession fears loom.
U.S. economy is slowing to stall speed, recession gauge shows
Conference Board index has fallen 10 months in a row, indicating a recession is likely sometime this year.
Biden, McCarthy to have debt limit meeting
House Speaker Kevin McCarthy said Friday he has accepted an invitation from President Biden to meet and discuss the standoff over raising the debt ceiling. Megan Greene, a senior fellow at Brown University, and global chief economist at Kroll, joined CBS News to discuss the far-reaching impact of the stalemate.
Google axes 12,000 jobs amid big tech layoffs
Silicon Valley was hit with another round of layoffs on Friday as Google announced that it would be cutting 12,000 jobs. The move comes during the same week that Microsoft and Amazon also announced layoffs, and companies nationwide look at cost-cutting measures amid growing concerns about a pending recession. Janet Shamlian has more.
U.K. consumers cut back on spending
New data from Britain's Office for National Statistics shows that consumers in the United Kingdom cut down on their shopping in December by the largest amount in at least 25 years. Meanwhile, the latest report from the government shows that inflation in the U.K. eased from November to December. CBS News foreign correspondent Ramy Inocencio joined Vladimir Duthiers and Anne-Marie Green from London to discuss.
Closing the "Bank of Mom and Dad"
Amid recession fears, more parents are helping their adult children financially to help keep them afloat. Business reporter for Fortune, Eleanor Pringle, joins CBS News Mornings to discuss why and tips for conversations on living expenses.
Microsoft set to lay off 10,000 employees
Microsoft is set to cut 10,000 jobs, or nearly 5% of its workforce. The company said the layoffs were a response to a slowdown in customer spending in anticipation of a potential recession.
What are the chances of a U.S. recession?
Despite signs of inflation easing up, many economists are still expecting the U.S. to fall into a recession. CBS News' Tony Dokoupil and Lana Zak are joined by Harriet Torry, economics reporter for the Wall Street Journal, to discuss the economic outlook.
U.S. expected to hit debt ceiling next week
U.S. Treasury Secretary Janet Yellen told Congress on Friday that she expects the country to hit the debt ceiling next Thursday. The government will then resort to "extraordinary measures" to avoid default. Gregory Daco, chief economist at EY-Parthenon, joined CBS News to discuss that and other financial news.
Banks post better than expected fourth quarter earnings
Several big banks released better than expected 2022 fourth quarter earnings results. This comes amid rising concerns over a looming recession. Elaine Quijano and Michelle Miller are joined by Business Insider finance editor, Dan DeFrancesco.
World Bank cuts 2023 global growth projection
As high inflation elevates the risk of a worldwide recession, the World Bank has lowered its growth forecast for the global economy. Paul Hannon, a reporter for The Wall Street Journal, joined "CBS News Mornings" to discuss.
American Stephen Hubbard released by Russia, Trump says
Musk chose to restrict Ukraine's access to SpaceX network, sources say
Investigation
Armed federal agents knock on doors looking for noncitizen voters
Cornell responds to Jane Doe letter saying she felt disbelieved
Live
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Hegseth meets Netanyahu ahead of elections, possible Iran war restart
Up to 20% of MS diagnoses may be wrong, like Christina Applegate's
