Why Social Security's next cost-of-living hike could hurt seniors
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
Social Security
Social Security checks face $17,400 cut without changes: study
Retirement program's reserves are slated to be depleted in 2033. New analysis says senior poverty could surge as a result.
Millions of older workers are nearing retirement with nothing saved
Over the next few years, the U.S. could see a surge in seniors living in poverty, one retirement expert predicts.
10/14: CBS News Mornings
Never-before-seen video from January 6 shows lawmakers in hiding, seeking help to stop the riot; California serial killer may also be connected to Chicago murders.
U.S. couple retire early by traveling the world
The Marmions' nonstop vacation began when they realized they didn't save enough to retire comfortably in the U.S. Carter Evans has their story.
Here's what the latest inflation report means for your money
The most recent inflation data could impact everything from your mortgage to Social Security benefits.
Black kids may be missing survivor benefits
CBS News has learned a majority of Black children who have lost a parent could be missing out on federal survivor payments. Kids who qualify are eligible to receive about three-quarters of their deceased parent's Social Security benefits. CBS News White House reporter Bo Erickson has more.
Jeffries on debt ceiling deal
President Joe Biden and House Speaker Kevin McCarthy announced late Saturday that they had reached an agreement in principle to raise the debt ceiling. Democratic House Minority Leader Hakeem Jeffries tells "Face the Nation" that he expects his caucus to vote for the deal because it "protects" Social Security, Medicare, Medicaid, veterans and the "American people."
Club for Growth takes a swing at Trump over Social Security benefits
The conservative Club for Growth tees off on Trump over Social Security in an ad filled with golf puns.
Debt ceiling talks hinge on budget cuts. Here's where the money goes.
Republican lawmakers want the government to slash federal spending, which ballooned during the pandemic.
How a debt default could affect you
The U.S. could run out of money to pay its bills as soon as June 1 if a debt limit deal isn't reached. This could delay social security, medical and food assistance and potentially cost millions of jobs. Nikole Killion reports from Washington.
How a U.S. debt default could impact your money
"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.
What happens to Social Security if the U.S. breaches the debt ceiling?
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
"A system in crisis": Federal disability programs force difficult choices
Disability applicants often turn to Social Security early retirement benefits — even though it could cost them tens of thousands of dollars in future income, lawyers say.
Social Security's 2023 COLA was 8.7%. It may be stingier in 2024.
Seniors and other recipients of the Social Security program may get a cost-of-living adjustment of 3.1% next year, one forecast says.
Will Social Security run out — and what happens if it does?
The retirement program keeps millions of older Americans out of poverty. Big cuts could be in store if the program isn't shored up.
Biden launches 2024 reelection bid
President Biden on Tuesday officially announced his 2024 reelection bid. The president said his campaign will focus on issues including protecting Social Security and access to abortion services. Ed O'Keefe has the latest.
Many older Americans can't afford retirement
A new survey shows an alarming number of older Americans are not financially prepared for retirement. CBS MoneyWatch associate managing editor Aimee Picchi joins CBS News' Meg Oliver and Elaine Quijano to discuss.
How millennials are planning for retirement
CBS MoneyWatch associate editor Aimee Picchi joins Errol Barnett and Lana Zak to discuss millennials' financial plans for retirement and how they differ from those of an older generation.
The millennial plan for retirement: Getting help from their kids
About 1 in 5 millennials is counting on their children to support them in old age, and less than half are banking on Social Security.
Millions of boomers have nothing saved for retirement
1 in 4 older Americans may have to work longer or scrimp and save to make ends meet in their golden years, a new study suggests.
Poll: Large majority want to see debt ceiling raised to avoid default
Views of economy remain negative, with a mixed outlook at best, as possible debt limit crisis looms.
Social Security, Medicare trust funds running out of money, official warn
Entitlement programs such as Social Security and Medicare could be forced to cut benefits as soon as 2031, according to a new report from the funds' trustees.
Social Security cost-of-living adjustment could dip to 3%
Benefit checks, adjusted each year for inflation, could see their smallest increase since 2020, a senior citizen's group says.
How your ex could boost your Social Security benefits
Divorced people can often collect benefits under the federal retirement program based on their ex-spouse's work history.
Live
Iran "negotiating on fumes," Trump says, as U.S. conducts new strikes
The U.S. and Iran had appeared ready to de-escalate before the U.S. military conducted what it said were defensive strikes against Iran on Wednesday.
Exclusive
Jill Biden: "I was frightened" by 2024 debate, thought husband was having a stroke
Former first lady Jill Biden said she thought her husband, Joe Biden, was having a stroke during the 2024 debate against Donald Trump.
Exclusive
GPS data appears to contradict Brian Hooker's account of wife's disappearance
After forensic evidence appeared to contradict Brian Hooker's account of where Lynette Hooker was the night she disappeared, U.S. investigators are renewing their search in the Bahamas.
U.S. carries out new strikes against Iranian military site, official says
The U.S. military carried out another round of strikes on Iran, a U.S. official confirmed to CBS News on Wednesday, another challenge to a shaky ceasefire between the two countries.
Exclusive
Trump visited soldiers at Walter Reed, but not the 14 injured in the Iran war
More than a dozen soldiers injured in Operation Epic Fury are still recovering at the military hospital.
Talarico: Paxton "clipping my cringey comments to distract from his career of corruption"
Texas state Rep. James Talarico, the Democratic nominee for U.S. Senate in the Lone Star State, concedes some past statements during debates over transgender policy "missed the mark."
2 dead, 9 workers "unrecovered" after Washington chemical tank implosion
The damaged tank at Nippon Dynawave Packaging Co. held approximately 900,000 gallons of white liquor, a chemical used in paper processing, authorities said.
Uganda closes its border with Congo over Ebola outbreak
Uganda on Wednesday ordered the closure of its border with Congo, where suspected cases of a rare type of Ebola are surging.
Takeaways from Texas' primaries: Trump's power, Latino vote, redistricting and more
The November ballot in Texas is now set, after a four-term Republican senator lost to a Trump-endorsed challenger in Tuesday's primary runoffs. Meanwhile, Texas Democrats are angling to win their first Senate race since 1988.
U.S.
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Ex-judges push to look into "anti-weaponization fund" deal
A group of 35 former federal judges asked a court to reopen a legal dispute between President Trump and the government, calling the deal to create a $1.776 billion "anti-weaponization fund" potentially fraudulent.
New York City man sentenced to 10 years in plot to kill Iranian American writer
A federal judge has given a onetime truck and bus driver charged in an assassination plot against an Iranian American writer a 10-year prison sentence.
Exclusive
Top FEMA official Bob Fenton says "we're ready for hurricane season"
FEMA says it's ready for hurricane season, though it's still racing to recover from months of shutdown disruptions, delayed grants and a depleted Disaster Relief Fund.
Exclusive
Trump visited soldiers at Walter Reed — but not the 14 injured in the Iran war
More than a dozen soldiers injured in Operation Epic Fury are still recovering at the military hospital.
YouTube taking steps to make clear when realistic videos are made by AI
YouTube said it will automatically label photorealistic content created by AI, the video platform said.
MoneyWatch
More MoneyWatch
YouTube taking steps to make clear when realistic videos are made by AI
YouTube said it will automatically label photorealistic content created by AI, the video platform said.
Stocks are rallying despite the Iran war and stubborn inflation. Here's why.
The S&P 500 hit a new record on Wednesday, even as soaring gas prices fuel inflation and consumer confidence sinks.
Conservative tech critic seen as leading candidate to be DOJ antitrust chief
The former assistant attorney general for the Justice Department Antitrust Division, Gail Slater, was abruptly terminated in February after clashes with Pam Bondi and Todd Blanche.
How much money you need to earn to afford a home in 49 U.S. cities
A household earning the average income would need to spend 40% of its income to afford the typical U.S. home, according to Redfin.
The safest vehicles for teen drivers and how much they cost
The Insurance Institute and Consumer Reports ranked 96 of the safest cars for teens. Here's what to know.
Politics
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Ex-judges push to look into "anti-weaponization fund" deal
A group of 35 former federal judges asked a court to reopen a legal dispute between President Trump and the government, calling the deal to create a $1.776 billion "anti-weaponization fund" potentially fraudulent.
U.S. carries out new strikes against Iranian military site, official says
The U.S. military carried out another round of strikes on Iran, a U.S. official confirmed to CBS News on Wednesday, another challenge to a shaky ceasefire between the two countries.
Exclusive
Top FEMA official Bob Fenton says "we're ready for hurricane season"
FEMA says it's ready for hurricane season, though it's still racing to recover from months of shutdown disruptions, delayed grants and a depleted Disaster Relief Fund.
Exclusive
Trump visited soldiers at Walter Reed — but not the 14 injured in the Iran war
More than a dozen soldiers injured in Operation Epic Fury are still recovering at the military hospital.
Takeaways from Texas' primaries: Trump's power, Latino vote, redistricting and more
The November ballot in Texas is now set, after a four-term Republican senator lost to a Trump-endorsed challenger in Tuesday's primary runoffs. Meanwhile, Texas Democrats are angling to win their first Senate race since 1988.
HealthWatch
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HealthWatch
Americans speak on health insurance costs
In the 1800s, Hartford, Connecticut, picked up the nickname, "The Insurance Capital of the World." Tony Dokoupil visits the city to ask people about rising insurance and healthcare costs.
Uganda closes its border with Congo over Ebola outbreak
Uganda on Wednesday ordered the closure of its border with Congo, where suspected cases of a rare type of Ebola are surging.
Sponsored
TV host Ty Pennington on bronchiectasis
HGTV host and designer Ty Pennington opens up about his mother's yearslong battle with bronchiectasis, a chronic lung condition that often goes undiagnosed, and shares tips for caregivers on creating a calm environment. (Sponsored by Insmed)
Trump has third medical exam of the past year
President Trump said his health "checked out perfectly" after a medical checkup on Tuesday. Nancy Cordes reports.
Second Ebola treatment center set on fire in epicenter of disease's outbreak
Angry residents of a town at the epicenter of the Ebola outbreak in eastern Congo attacked and burned a tent that was part of a health center where people are being treated for the virus.
World
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U.S. carries out new strikes against Iranian military site, official says
The U.S. military carried out another round of strikes on Iran, a U.S. official confirmed to CBS News on Wednesday, another challenge to a shaky ceasefire between the two countries.
Uganda closes its border with Congo over Ebola outbreak
Uganda on Wednesday ordered the closure of its border with Congo, where suspected cases of a rare type of Ebola are surging.
Exclusive
Trump visited soldiers at Walter Reed — but not the 14 injured in the Iran war
More than a dozen soldiers injured in Operation Epic Fury are still recovering at the military hospital.
Official complains of persecution over CIA agents' deaths in Mexico
Two CIA agents died in a car crash while accompanying soldiers and state prosecutors in a raid of a drug lab in Chihuahua.
U.S. setting up Ebola quarantine facility in Kenya, officials say
The U.S. is in the process of setting up a quarantine facility in Kenya for Americans who were exposed to Ebola or infected with the deadly illness.
Entertainment
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Entertainment
Estelle on her latest album "Stay Alta"
Grammy Award-winning artist Estelle released her sixth studio album, titled "Stay Alta," and joins CBS News 24/7 Mornings to reflect on her career and discuss what this record means for her.
Josh Johnson on new special, career in comedy
Comedian Josh Johnson talks with "CBS Mornings" about finding humor in everyday life, how storytelling is at the center of his jokes and his first HBO special, "Symphony."
Top moments from the American Music Awards
There were 12 new categories this year at the American Music Awards, which were held on Memorial Day. For the second time at the awards show, BTS took home the night's biggest prize.
Extended interview: Josh Johnson
Comedian Josh Johnson talks to CBS News' Vladimir Duthiers about his journey from becoming a writer to a correspondent and host on "The Daily Show," his new special, "Josh Johnson: Symphony" on HBO Max, how his family influenced his comedy and more.
Sonny Rollins, trailblazing jazz saxophonist, dies at age 95
Sonny Rollins, the legendary tenor saxophonist known for his bold tone and constant experimentation, has died at 95.
Technology
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Technology
YouTube revamping its AI labeling system
YouTube unveiled a new AI labeling system on Wednesday, aiming to make it easier for viewers to distinguish between real and AI content. CNET editor-at-large Scott Stein joins CBS News to break down the change.
YouTube taking steps to make clear when realistic videos are made by AI
YouTube said it will automatically label photorealistic content created by AI, the video platform said.
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.
Study evaluates AI's accuracy on news
More than 1 billion people worldwide use artificial intelligence chatbots, but just how accurate are the answers? Forum AI released results from its latest study to determine the accuracy of chatbots in news and current events. Robbie Goldfarb, co-founder of Forum AI, joins CBS News to discuss.
How the U.S. military is using AI in warfare
CBS News' Chris Livesay gets an inside look at how the U.S. military is using artificial intelligence on the battlefield.
Science
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New species of blue octopus discovered 5,900 feet underwater
The new species, named Microeledone galapagensis, has a blue hue, which is believed to be the rarest color in nature.
What we know about new UFO file release
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
Atlantic hurricane season is coming up. Here's what NOAA predicts.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
Crime
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Crime
New evidence in Bahamas disappearance
New forensic evidence appears to contradict Brian Hooker's account of where he says he was the night his wife Lynette went missing in the Bahamas. Cristian Benavides has the details.
Matthew Perry's assistant sentenced
"Friends" star Matthew Perry drowned in his hot tub in 2023 under the effects of ketamine. The 54-year-old's longtime personal assistant, who gave him the fatal injection, pleaded guilty to conspiracy and was sentenced to over three years in prison.
Clues in the Lynette Hooker investigation
An infrared camera mounted on the sailboat used by Brian and Lynette Hooker in the Bahamas could contain clues about her disappearance, CBS News has learned. Cristian Benavides has more.
China executes man for poisoning billionaire Netflix producer
Xu Yao was found guilty of killing Lin Qi, the founder of the company that holds the film adaptation rights for the blockbuster sci-fi trilogy "The Three-Body Problem."
Matthew Perry's assistant to be sentenced
Matthew Perry's assistant, Kenneth Iwamasa, will be the fifth and final person sentenced for playing a role in the actor's 2023 ketamine death. Carter Evans reports.
Space
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NASA's moon base plans include landers, buggies and drones for 2028 mission
Jeff Bezos' Blue Origin, Astrolab, Lunar Outpost and Firefly Aerospace are awarded with hundreds of millions of dollars in NASA contracts for the first phase of its moon base plans.
China launches spacecraft with astronaut set to remain in space for a year
China has launched the Shenzhou 23 spacecraft with three astronauts heading to its space station.
SpaceX launches more powerful Super Heavy-Starship rocket
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
SpaceX launch of more powerful Super Heavy-Starship rocket scrubbed at last minute
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
SpaceX to explore "the true nature of the universe" as it plans IPO
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
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
More Latest CBS News Videos
Latest CBS News Videos
Political strategists on Texas primary
Democratic strategist Joel Payne and Republican strategist T.W. Arrighi join "The Takeout" with their thoughts on Ken Paxton's win in the Texas GOP Senate primary and President Trump's recent comments that he doesn't care about the upcoming midterm elections.
Jill Biden on husband's 2024 debate
Former first lady Jill Biden tells "CBS Sunday Morning" that she was frightened by President Biden's 2024 debate performance, saying she thought he was having a stroke. The full interview airs Sunday. Political strategists Joel Payne and T.W. Arrighi join "The Takeout" to discuss.
Former Obama adviser Ben Rhodes on Iran
Ben Rhodes, former foreign policy adviser and speechwriter for President Obama, discusses the current war in Iran and President Trump's comments about Obama's 2015 deal with the country.
Video: Driver missing hand pulled over for phone use
Kathleen Thomas was issued a citation in February after a Palm Beach County Sheriff's deputy pulled her over for allegedly using a phone with her right hand. But Thomas doesn't have a right hand. The week, the officer requested that the citation be dismissed. Here's the uncut bodycam footage of the traffic stop.
Christian Menefee on win over Al Green
Rep. Christian Menefee speaks with Major Garrett about his win over Rep. Al Green in Tuesday's Democratic primary for Texas' redrawn 18th Congressional District