Biden urges Congress to suspend gas tax for 3 months
President Biden called on Congress to halt the federal gas tax for three months as gas prices soar. But there's debate about whether it will actually help consumers. Nancy Cordes has the details.
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President Biden called on Congress to halt the federal gas tax for three months as gas prices soar. But there's debate about whether it will actually help consumers. Nancy Cordes has the details.
Burger King operates over 150 restaurants in Japan.
Efforts to solve the baby formula shortage hit a roadblock as Abbott had to halt production at a Michigan plant after severe storms caused flooding.
Revlon filed for bankruptcy as the cosmetics giant struggles with supply chain issues, a steep drop in sales during the pandemic and competition from celebrities like Kylie Jenner and Rihanna, who have their own cosmetic lines.
Abbott Nutrition announced it will reopen its baby formula plant in Michigan amid a dire shortage of baby formula nationwide. The plant was shut down by the FDA in February following reports of bacterial infections. Christina Ruffini has more.
High gas prices are turning into a major speed bump as the summer travel season kicks into high gear. The national average for regular gas is nearing $5 per gallon. Kris Van Cleave has more on why gas prices are increasing.
Russia's assault on Ukraine is being felt worldwide, and the U.S. health care system is not immune.
The Biden administration has announced new trade initiatives with Taiwan to strengthen economic ties, focusing on supply chains, clean energy, labor rights and technology exports. Tensions between Washington and Beijing are already high after President Biden promised to defend Taiwan if it was invaded. Shelley Rigger, a political science professor at Davidson University, joined CBS News' Elaine Quijano to discuss.
Despite receiving shipments from several countries, the baby formula shortage in the U.S. continues. Last week, FDA chief Dr. Robert Califf faced lawmakers who grilled him on the agency’s response. Meg Oliver reports.
Supply chain issues and the spiraling cost of key ingredients has forced school districts to pull back or make substitutions.
An Air Force cargo plane with 39 tons of hypoallergenic baby formula landed in the U.S. on Sunday. A second flight is expected to arrive this week as the Biden administration seeks to ease the nationwide shortage. Meg Oliver has the latest.
Russia's war on Ukraine has disrupted the world's food supply. After the Russian military targeted a grain elevator in the city of Dnipro and blockaded Ukrainian sea transit routes, a halt on grain exports from the region has affected more than a billion people. Imtiaz Tyab has more.
U.S. hospitals are experiencing a shortage of contrast dye, the crucial component needed for conducting CT scans. As a result, some patients in need of scans are being forced to wait to receive one. Charlie De Mar has more.
More hospitals are reporting children needing treatment because they aren't getting enough nutrition due to the baby formula shortage. Jamie Yuccas has more.
Patrick Sly, the president of global nutrition at Reckitt, which produces Enfamil, discusses what his company is doing to ramp up the supply of baby formula and why there is a shortage. Watch Norah O'Donnell's exclusive interview.
The Food and Drug Administration and Abbott Nutrition reached an agreement aimed at easing the nationwide baby formula shortage, which could mean formula production ramps up at a plant that has been shutdown since February within two weeks.
The Director of National Intelligence said Russian President Vladimir Putin is preparing for a prolonged conflict in Ukraine with goals beyond the Donbas region. Meanwhile, Russian missiles pounded the port city of Odesa in an attempt to disrupt supply lines of Western weapons into Ukraine. Charlie D'Agata reports.
The bread industry is warning of sticker shock at checkout during the summer.
While jobless claims are at their lowest point in more than 50 years, Americans are still feeling the pinch of rising prices. CBS News political reporter Caitlin Huey-Burns joined CBS News' Vladimir Duthiers and Anne-Marie Green to discuss how voters' views on inflation could sink Democrats in the upcoming midterm elections.
A recent report from the Department of Commerce found that chip demand in 2021 was as high as 17% more than in 2019.
Russian forces are pummeling Ukraine's southern port cities as they inch toward their goal of capturing Odesa. Russia has been bombarding Mykolaiv, which is between Odesa, Ukraine's biggest port, and Mariupol, a major port Russia has already encircled. Oleg Grygoriuk, chairman of the Marine Transport Workers Trade Union of Ukraine, joined CBS News to discuss.
Russia's invasion of Ukraine is increasing the cost of gas and daily goods in the U.S. Experts explain what grocery items could also start to go up in price as the conflict continues. Carter Evans reports.
"60 Minutes" correspondent Bill Whitaker investigates a chokepoint in the supply chain crisis from Southern California.
USA Today Reporter Charisse Jones joins "CBS Mornings" to discuss supply chain shortages, the impact on holiday shopping, and tips for shopping smart this season.
Supply chain problems across the country could cause havoc for people's holiday plans. Meg Oliver finds out why shoppers may want to hit the grocery store soon to prepare for Thanksgiving, and Jill Schlesinger tells us how long we can expect to see inflated prices.