Trump thinks tariff revenue could replace income taxes. Is that possible?
President Trump suggested Americans won't have to pay personal income taxes "in the not-too-distant future" because of rising U.S. tariffs.
Tariffs
Trump calls Hassett "potential Fed chair"
President Trump on Tuesday called Kevin Hassett, director of the National Economic Council, a "potential Fed chair." Hassett joins "The Takeout" with his reaction to the moment and to discuss the state of the economy.
Gas prices are dropping
New data shows gas prices have dropped to the lowest level since 2021. CBS MoneyWatch correspondent Kelly O'Grady reports.
Costco sues Trump administration over tariffs
Retail giant Costco is suing the Trump administration over its sweeping tariffs. In a federal lawsuit, the company argues the president exceeded his authority when he imposed his extensive tariffs on U.S. trading partners earlier this year. CBS News MoneyWatch correspondent Kelly O'Grady has more details.
Costco sues Trump administration
Costco is suing the Trump administration over tariffs and asking for a full refund. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Coffee tariffs lifted, but some Portland cafés still waiting for relief
Relief will take time, because coffee roasters and cafés typically order beans months in advance.
Cafés still struggling after coffee tariffs lifted
In Portland, Oregon, the lingering effects of coffee tariffs are impacting small businesses. Mark Strassmann reports.
Face the Nation: Schlesinger, Sullivan, Brands
Missed the second half of the show? The latest on...CBS News business analyst Jill Schlesinger tells "Face the Nation with Margaret Brennan" that "consumers are a little unnerved" by President-elect Donald Trump's proposed tariffs, one day after Hamas released a propaganda video featuring Israeli-American hostage Edan Alexander, National Security Adviser Jake Sullivan tells "Face the Nation with Margaret Brennan" that the Biden administration has been in touch with Alexanders' family, andHistorian H.W. Brands, author of "America First: Roosevelt vs. Lindbergh in the Shadow of War," tells "Face the Nation with Margaret Brennan" that a major question facing the U.S. was "should the United States, must the United States, take a leading role in the world?"
Record spending predicted for holiday season
Americans spent a record $12 billion online on Black Friday this year, according to Adobe Analytics. Ali Bauman reports on how rising prices are impacting shoppers.
Why tariffs might make real Christmas trees more attractive this holiday season
The price of imported plastic Christmas trees is up, the majority of which are made in Asia and subject to tariffs introduced by President Trump earlier this year.
Why more may choose real Christmas trees this year
With Thanksgiving coming, Christmas trees will soon be going up in homes all over America. Most artificial trees are made overseas, and the president's tariffs are making them more expensive. At the same time, prices of real trees are holding steady. Omar Villafranca reports.
Economic data shows low consumer confidence
U.S. consumers felt less confident about the economy in November amid the government shutdown and inflation, new economic data shows. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Brazil's Bolsonaro arrested days before starting 27-year prison sentence
Brazil's federal police arrested former President Jair Bolsonaro, who was convicted of leading a coup attempt.
Keeping Thanksgiving costs down with AI
Thanksgiving costs are down from last year, according to the American Farm Bureau Federation, but budgets remain tight for many this season. "CBS Saturday Morning" has some ways to save on your feast this year, including how to use AI to cut costs.
President Trump exempts more Brazilian products from tariffs
President Trump is expanding the list of foods imported from Brazil that will not be subject to levies.
President Trump floats sending Americans $2,000 tariff rebate checks
President Trump floated the idea of tapping his administration's tariff revenue to send checks to most Americans.
AI helps people save money on Thanksgiving
Artificial intelligence is helping people save money on their Thanksgiving plans this year. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Trump cuts tariffs on beef, coffee, bananas and other food imports
President Trump exempted foods like beef and bananas from his sweeping country-by-country tariffs on Friday.
U.S. reaches trade frameworks with Argentina, Guatemala, El Salvador and Ecuador
The agreements will likely affect the prices of things like cocoa, bananas and coffee.
Rubio attends G7 meetings in Canada
Secretary of State Marco Rubio is representing the U.S. at G7 meetings in Canada as world leaders consider the Ukraine-Russia war and the fragile ceasefire in Gaza. CBS News' Olivia Gazis reports.
A 107% U.S. import tax on Italian pasta could make your spaghetti pricier
The Trump administration is considering a new import duty on 13 of Italy's largest pasta exporters, including Barilla and La Molisana.
Italian imports store owner on pasta tariff threat
Some popular pasta brands from Italy may have to say "arrivederci" to U.S. store shelves as President Trump is threatening heavy tariffs on the imports. Meg Oliver has more.
Trump proposes tariffs on Italian pasta
A new wave of tariffs could cause many Italian pastas to disappear from grocery shelves. A report from the Wall Street Journal details the Trump administration's plan to impose duties of 107% on Italian pasta imports. Wall Street Journal reporter Margherita Stancati joins "The Daily Report" to discuss.
Trump floats tariff checks in wake of elections
The White House is attempting to address Americans' concerns around affordability after the issue helped propel Democratic victories in the 2025 elections. CBS News senior White House correspondent Weijia Jiang has the details.
Trump renews focus on affordability
According to CBS News polling, voter concern about the cost of living drove Democrats to big victories in the 2025 elections. Now, President Trump is defending Republicans' record on affordability and floating new initiatives. CBS News MoneyWatch correspondent Kelly O'Grady joins "The Takeout" with more.
U.S. has used nearly all its stockpile of long-range missiles in Iran war, sources say
CBS News has previously reported that the U.S. has dwindling stockpiles of defensive interceptors and long-range missiles.
Pirro brought box of evidence to show Trump what caused Reflecting Pool damage
U.S. Attorney for D.C. Jeanine Pirro was seen with a large box as she left the White House Monday after her meeting with President Trump.
Live
Progress made in Strait of Hormuz talks, Rubio says
The secretary of state said progress has been made in the Iran-Oman talks but that no final agreement has been reached, adding, "We're hoping that will happen very shortly."
Man carrying ammo arrested near Trump National Golf Course before president's visit
Federal authorities arrested a man who appeared to be monitoring security-planning activities at Trump National Golf Course in LA County ahead of the president's Southern California visit.
Chipotle replaces jalapenos linked to Minnesota salmonella outbreak
Restaurant chain said it pulled the peppers and replaced them with product from another grower amid a food-poisoning probe.
Wesley Bell beats Cori Bush in Missouri Democratic House primary rematch
Rep. Wesley Bell on Tuesday beat former congresswoman Cori Bush in a heated primary in Missouri's 1st Congressional District, CBS News projects.
Wayward SpaceX rocket to slam into moon, leave 16-foot deep crater
The impact will not be visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
Virginia's 2nd District to see rematch between Kiggans, Luria
Democrat Elaine Luria, who previously served four years in Congress, lost to Republican Rep. Jennifer Kiggans in 2022.
FBI not conducting civil rights probe into ICE shooting in Maine, sources say
The deadly encounter between an ICE officer and Johan Sebastián Durán Guerrero on July 13 in Biddeford, Maine, is the latest in a growing string of clashes between civilians and ICE agents.
U.S.
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Ollivant projected to win GOP primary in battleground Virginia district
Republican Douglas Ollivant will run against Democratic Rep. Eugene Vindman in November.
Idaho In-N-Out shooting victims remembered by loved ones: "She lit up a room"
Three people were killed and seven others were wounded in the Saturday attack in Twin Falls, Idaho. The gunman died of a self-inflicted gunshot wound, officials said.
State Department revokes visa of Brazil's ambassador to the U.S.
A senior State Department official said the visa would be reinstated immediately if Brazil grants diplomatic approval for President Trump's nominee for U.S. ambassador to Brazil, Daniel Perez.
Man carrying ammunition arrested near Trump National Golf Club before president's visit
Federal authorities arrested a man who appeared to be monitoring security-planning activities at Trump National Golf Club in LA County ahead of the president's Southern California visit.
SpaceX shows strong growth in its first earnings report since IPO
Elon Musk's rocket, satellite and AI provider reported quarterly revenue of $7.8 billion, topping Wall Street forecasts.
MoneyWatch
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SpaceX shows strong growth in its first earnings report since IPO
Elon Musk's rocket, satellite and AI provider reported quarterly revenue of $7.8 billion, topping Wall Street forecasts.
Chipotle removes jalapenos linked to Minnesota salmonella outbreak
The restaurant chain said it pulled the peppers and replaced them with product from another grower amid a food-poisoning probe.
Dow soars 900 points on strong corporate profits, hopes of Iran deal
Stocks notched new record highs on Tuesday as oil prices dipped and companies reported healthy profits.
More adult children live at home now than during the pandemic
One woman in her mid-30s said her $60,000 annual income wasn't enough to cover all her bills after a breakup, leading her to move back home.
"Peanut butter" pay raises are out, as employers shift to merit hikes
Here's what employees can expect for a raise in 2027 as companies move away from broad-based pay increases.
Politics
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Wesley Bell beats Cori Bush in Missouri Democratic House primary rematch
Rep. Wesley Bell on Tuesday beat former congresswoman Cori Bush in a heated primary in Missouri's 1st Congressional District, CBS News projects.
Shannon Taylor wins Democratic primary in Virginia's 1st District
Virginia Democrats are refocusing on a handful of GOP-held seats in Virginia after the state Supreme Court struck down a redrawn congressional map that favored Democrats in all but one district.
Ollivant projected to win GOP primary in battleground Virginia district
Republican Douglas Ollivant will run against Democratic Rep. Eugene Vindman in November.
Virginia's 2nd District to see rematch between Kiggans, Luria
Democrat Elaine Luria, who previously served four years in Congress, lost to Republican Rep. Jennifer Kiggans in 2022.
State Department revokes visa of Brazil's ambassador to the U.S.
A senior State Department official said the visa would be reinstated immediately if Brazil grants diplomatic approval for President Trump's nominee for U.S. ambassador to Brazil, Daniel Perez.
HealthWatch
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HealthWatch
Chipotle suspected in salmonella outbreak
At least 110 people have fallen ill from salmonella in Minnesota, the vast majority of whom reported having eaten at the Mexican chain Chipotle. Tom Hanson has the story.
Michigan reports 2 cyclosporiasis deaths
Two people have died of cyclosporiasis in Michigan, officials said Monday, as the state battles the worst outbreak of the disease in the country. Carter Evans has the details.
Michigan health officials report 2 deaths among cyclosporiasis cases
Two Michigan residents who had "significant underlying health conditions" have died after contracting cyclosporiasis, the Michigan Department of Health and Human Services said.
RFK Jr., Oz blame ACA enrollment drop on fraud, but experts cite rising costs
Rising premiums forced many people in Affordable Care Act plans to give up their coverage. But the Trump administration claims a huge drop in enrollment is almost entirely due to its fraud crackdown.
She went to "hell and back" for a diagnosis. Then her sister showed symptoms.
Megan Kaverman's weight gain, fatigue, high blood pressure and other symptoms were dismissed for years before she was diagnosed with a rare heart disease.
World
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State Department revokes visa of Brazil's ambassador to the U.S.
A senior State Department official said the visa would be reinstated immediately if Brazil grants diplomatic approval for President Trump's nominee for U.S. ambassador to Brazil, Daniel Perez.
U.S. has used nearly all its stockpile of long-range missiles, sources say
CBS News has previously reported that the U.S. has dwindling stockpiles of defensive interceptors and long-range missiles.
Nazi ships, mammoth bones emerge as Danube River dries up
Water levels on the Danube River have dropped so low that dozens of World War II German battleships – and even the remains of an ancient woolly mammoth — are emerging into view.
Dramatic photos show lava spewing from Fuego volcano in Guatemala
Guatemalan officials on Monday began evacuating two villages near the Fuego volcano due to the ongoing eruption.
Gaza holds mass funeral for extended family recovered from wartime rubble
Authorities described this as the Gaza Strip's biggest mass funeral since the war began, mourning dozens of people, including women and children, recently recovered from the rubble.
Entertainment
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Entertainment
Stranger rescues band from car troubles
A kind stranger named Ernie helped rock band The Autumn Kings make it to their tour stop after their car broke down in Wisconsin. Matt Gutman reports.
Ariana Grande on her plans to take break
One day after announcing she'll step back from the spotlight after her tour ends, Ariana Grande spoke directly to fans at Monday night's show in Chicago. The singer said the decision was her own and "was made from a thoughtful and empowered place."
Jordan Roth talks "The Shards"
Tony Award-winning producer Jordan Roth talks about starring in the "The Shards" and describes what it was like to go from behind the scenes on Broadway to making his major on-screen acting debut.
Hollywood on hot streak at the box office
"Spider-Man: Brand New Day" leapt straight to the top of the box office this weekend. Its $360 million opening weekend debut is the biggest in U.S. history. Marlow Stern, chief correspondent at Variety, joins CBS News to discuss all the latest movie news.
"My Favorite Person" takes over socials
A social media trend encouraging users to share what they love about their favorite person is bringing light to TikTok and other platforms.
Technology
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SpaceX shows strong growth in its first earnings report since IPO
Elon Musk's rocket, satellite and AI provider reported quarterly revenue of $7.8 billion, topping Wall Street forecasts.
Top AI execs may meet with Trump officials
Top executives from leading artificial intelligence companies are set to meet with White House officials, according to media reports. Ian Krietzberg, an AI correspondent for Puck News, has more.
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.
Trump administration finalizes AI framework, official says
The order asks AI companies to share previews of powerful new models with the government before they are released to the public.
U.S. probes cyberattack on water systems
Lauryn Williams, the deputy director and senior fellow of the Strategic Technologies Program at the Center for Strategic and International Studies, joins to discuss the U.S. probe into Iran possibly targeting water systems in Michigan and Minnesota.
Science
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Dramatic photos show lava spewing from Fuego volcano in Guatemala
Guatemalan officials on Monday began evacuating two villages near the Fuego volcano due to the ongoing eruption.
Rare footage of humpback whale birth captured on drone video
The footage is believed to be only the fourth complete humpback whale birth ever recorded on film anywhere in the world and the first-ever captured by drone.
Rare video shows humpback whale birth
A photographer operating a drone off the coast of Australia captured a humpback whale giving birth. It's believed to be the first time such a birth has been recorded by a drone.
How plants feel
Science shows us that, even though plants don't have brains, they seem to have a nervous system that responds to touch in remarkable ways. Robert Krulwich and puppeteer Barnaby Dixon explore the science of thigmomorphogenesis (the phenomenon of plants reacting to outside stimulae), a discussion that plants the seeds for a song.
Nearly 30 beluga whales sent to the U.S.
Nearly 30 beluga whales were sent to aquariums across the U.S. in a multinational emergency operation after their home aquarium in Canada shuttered. Jared Ochacher reports.
Crime
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Crime
Lindsay Clancy speaks in court for first time
Lindsay Clancy, the woman accused of first-degree murder in the deaths of her three children, spoke in court Tuesday. CBS News' Shanelle Kaul reports.
Lindsay Clancy testifies in court
Lindsay Clancy, the woman accused of killing her three young children in what her defense says was an episode of postpartum psychosis, testified in court for the first time on Tuesday as her trial progresses. Shanelle Kaul has more.
Idaho In-N-Out shooting victims remembered by loved ones: "She lit up a room"
Three people were killed and seven others were wounded in the Saturday attack in Twin Falls, Idaho. The gunman died of a self-inflicted gunshot wound, officials said.
Police actions in Guthrie case under scrutiny
The Wall Street Journal's Valerie Bauerlein joins CBS News to discuss her reporting on crucial missteps made by authorities in the days following the disappearance of Nancy Guthrie, mother of "Today" show host Savannah Guthrie.
Officials give update on Spokane fire arrest
A man is under arrest for allegedly setting one of three major wildfires in the Spokane, Washington, area. Meanwhile, thousands have been evacuated from the area as fires rage. KREM reporter Regan Gallo has more.
Space
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Wayward SpaceX rocket to slam into moon, leave 16-foot-deep crater
The impact will not be visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
Russian Soyuz brings three home after 8 months at space station
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
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.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
Michigan's Democratic Senate race closes out
Michigan, Missouri, Virginia, Kansas and Washington all held primaries Tuesday night, with much of the nation focusing on the Michigan Democratic Senate primary between Abdul El-Sayed and Rep. Haley Stevens. Major Garrett anchored CBS News' special report.
Dingell on Michigan Democratic Senate primary
Polls have closed in Michigan, where the heated Democratic Senate contest between Abdul El-Sayed and Haley Stevens is coming to a head. Democratic Rep. Debbie Dingell of Michigan joins CBS News to weigh in.
Stranger rescues band from car troubles
A kind stranger named Ernie helped rock band The Autumn Kings make it to their tour stop after their car broke down in Wisconsin. Matt Gutman reports.
Bezos, DiCaprio set up massive wildlife fund
Hollywood actor Leonardo DiCaprio and Amazon founder Jeff Bezos have announced a $200 million fund set to protect species on the brink of extinction. Carter Evans has the story.
DHS: Man dies in ICE custody in New Jersey
The Department of Homeland Security has confirmed the death of a detainee at a controversial immigration center in New Jersey. CBS News' Camilo Montoya-Galvez reports.