S&P reaffirms the U.S. credit rating, citing higher tariff revenue
S&P said it is maintaining the AA+ rating on the U.S. as it expects tariff revenue will shore up the nation's finances.
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S&P said it is maintaining the AA+ rating on the U.S. as it expects tariff revenue will shore up the nation's finances.
Families are shopping early for school supplies and scouting for discounts amid concerns about the potential impact of tariffs.
Iowa Republican Gov. Kim Reynolds this week directed the state's National Guard to assist with Immigration and Customs Enforcement operations beginning in September. CBS News Iowa station KCCI's chief political reporter Amanda Rooker joins "The Takeout" to discuss.
The Dow Jones dipped slightly on Thursday after new inflation data showed that wholesale prices rose more than expected last month. CBS News senior business and technology correspondent Jo Ling Kent reports.
Here's what new data from the producer price index says about where inflation is headed, according to economists.
Americans are reining in their spending at fast-food restaurants as they continue to face economic uncertainty.
A new Wall Street Journal article says that President Trump is emulating the Chinese Communist Party by extending political control deep into the economy. Barry Naughton, a professor from the University of California, San Diego, joins "The Takeout" to discuss the article.
The Producer Price Index, which shows the wholesale cost of goods, is set to be released Thursday with economists saying it will give better insight into how President Trump's tariffs are impacting the U.S. economy. Constance Hunter, chief economist at the Economist Intelligence Unit, joins CBS News to discuss.
GE Appliances plans to shift production of refrigerators, gas ranges and water heaters out of China and Mexico as part of a more than $3 billion investment to expand its U.S. operations in the U.S.
The inflation rate was cooler than expected, with July's CPI rising 2.7% on an annual basis.
New government data shows the cost of consumer goods increased slightly last month, but the true effect of the higher tariffs haven't hit consumers yet. Jo Ling Kent explains.
President Trump has extended the deadline to negotiate a trade deal with China to November 10. Meanwhile, an online meeting between Mr. Trump, European leaders and Ukrainian President Volodymyr Zelenskyy is planned for Wednesday, ahead of Friday's Trump-Putin summit. CBS News senior White House and political correspondent Ed O'Keefe reports.
The Labor Department reported that inflation rose at an annual pace of 2.7% last month, slightly better than what economists were expecting. CBS News MoneyWatch correspondent Kelly O'Grady has more details.
Inflation in July rose 2.7% on an annual basis, which was slightly less than economists had forecast, according to a report released Tuesday. CBS News senior business and technology correspondent Jo Ling Kent breaks down the numbers.
President Trump signed an executive order on Monday to delay steep tariffs against China for another 90 days, extending the trade truce between the two countries to continue negotiations. CBS News' Ramy Inocencio has more details.
John Dickerson goes inside the numbers on who actually pays when tariffs are levied against imports.
President Trump has extended a temporary truce in the U.S.-China trade war, preventing tariffs on China from leaping to at least 80%.
U.S. chipmakers Nvidia and AMD announced that they will pay the U.S. government 15% of the revenue generated from AI chip sales in China, a White House official confirmed for CBS News. MoneyWatch correspondent Kelly O'Grady has the latest.
This week on "Face the Nation with Margaret Brennan," Weijia Jiang speaks with Democratic Rep. Tom Suozzi of New York and the director of the National Economic Council, Kevin Hassett, in the aftermath of President Trump's newly signed "big, beautiful bill." Meanwhile, search and rescue operations are ongoing in central Texas after devastating flash floods killed dozens.
As the country's largest export, Japan's auto industry is a source of national pride. But in recent months, it has been rocked by President Trump's tariffs. The volatility has been felt acutely at Mazda, one of the nation's oldest car companies. Anna Coren reports.
Economists caution new tariffs could pose economic risks, but the White House says growth is rebounding amid low inflation.
President Trump's sweeping global tariffs are now in effect, but more data on their impact in America could be months away. Ann Berry, the host of "Brew Markets," joins CBS News with more.
About 90 countries, including the European Union, are now facing tariffs of 15% or higher as President Trump's sweeping levies go into effect. Erica Brown reports.
President Trump's sweeping tariffs on dozens of countries went into effect Thursday. Kelly O'Grady has the story of one small business in New York that won't be able to ride the tariffs out.
President Trump's blanket tariffs on U.S. trading partners are now in effect. This means that American businesses will have to pay more to bring in foreign goods. CBS News' Javier David and Nancy Cordes have the latest.
On Friday, President Trump signed a proclamation that would impose 10% tariffs on most foreign imports to the United States.
Ruben Ray Martinez was fatally shot in South Padre Island, Texas, in March 2025. ICE's involvement in the shooting was not disclosed until more than 11 months after the shooting.
Blizzard warnings were issued Saturday for New York City, New Jersey and coastal communities along the East Coast.
The Artemis II mission aims to send four astronauts — Reid Wiseman, Victor Glover, Christina Koch and Canadian astronaut Jeremy Hansen — on a flight around the far side of the moon and back.
All nine avalanche victims have been recovered from California's Sierra Nevada, Nevada County Sheriff Shannan Moon said Saturday at a news conference.
The former prince was arrested after revelations about his alleged misconduct in public office emerged in the Epstein files.
The Supreme Court divided 6-3 in finding that a federal law known as IEEPA does not authorize the president to impose tariffs.
Kaillie Humphries Armbruster won her sixth career Olympic medal, tying fellow American Elana Meyers Taylor for the most by any woman in bobsled history.
Team USA could add more gold medals to its tally, including on Sunday when the U.S. men's hockey team takes on Team Canada.
Ruben Ray Martinez was fatally shot in South Padre Island, Texas, in March 2025. ICE's involvement in the shooting was not disclosed until more than 11 months after the shooting.
Kaillie Humphries Armbruster won her sixth career Olympic medal, tying fellow American Elana Meyers Taylor for the most by any woman in bobsled history.
All nine avalanche victims have been recovered from California's Sierra Nevada, Nevada County Sheriff Shannan Moon said Saturday at a news conference.
Caleb Flynn, 37, appeared in season 12 of "American Idol." He was arrested by Tipp City police last week and charged with murder, assault and tampering with evidence.
The Artemis II mission aims to send four astronauts — Reid Wiseman, Victor Glover, Christina Koch and Canadian astronaut Jeremy Hansen — on a flight around the far side of the moon and back.
President Trump signed an order that will impose 10% tariffs on imports from all countries, just hours after the Supreme Court struck down a different set of sweeping global tariffs.
While the Supreme Court struck down the Trump administration's emergency tariffs, experts said it could take years for businesses to get refunds.
The recall involves 3.4 million pounds of frozen chicken fried rice products shipped to Trader Joe's locations nationwide and to retailers in Canada.
A simple reason explains why U.S. economic growth seemed to hit a wall in the final three months of the year.
Large U.S. retailers say the Trump administration tariffs are forcing them to hike customer prices to offset higher costs.
Ruben Ray Martinez was fatally shot in South Padre Island, Texas, in March 2025. ICE's involvement in the shooting was not disclosed until more than 11 months after the shooting.
On Friday, President Trump signed a proclamation that would impose 10% tariffs on most foreign imports to the United States.
House Speaker Mike Johnson's office has denied a request to have the late Rev. Jesse Jackson lie in honor in the U.S. Capitol Rotunda due to past precedent.
The Trump administration fired an interim top prosecutor in Eastern Virginia almost immediately after he was hired by a panel of judges, deepening the conflict between the DOJ and the judiciary in that region.
The 5th Circuit Court of Appeals has cleared the way for a Louisiana law requiring poster-sized displays of the Ten Commandments in public classrooms to take effect.
Travis Corbitt's struggles to breathe led to his retirement and reliance on an oxygen tank.
Critics have questioned why the federal government should underwrite coverage costs for people with ACA health plans — but almost all health insurance in the U.S. comes with some federal help.
The Centers for Disease Control and Prevention hasn't had a Senate confirmed director since last summer, and that official was in the job for less than a month.
With the reversal from the FDA, Moderna said it is aiming to make the vaccine available for the 2026-27 flu season.
Rosabella-brand moringa capsules could be linked to Salmonella cases in seven U.S. states, health officials said.
Kaillie Humphries Armbruster won her sixth career Olympic medal, tying fellow American Elana Meyers Taylor for the most by any woman in bobsled history.
U.S. speedskater Jordan Stolz finished fourth in his last race after winning two golds and a silver.
An American was among the five recovered dead after the avalanche, police said.
The former prince was arrested after revelations about his alleged misconduct in public office emerged in the Epstein files.
Team USA could add more gold medals to its tally, including on Sunday when the U.S. men's hockey team takes on Team Canada.
Say She She has been on a meteoric rise since their 2022 debut, playing major festivals and selling out venues around the world. The disco-funk group shows no signs of slowing down, recently releasing their third album "Cut & Rewind." Here is Say She She with "Under the Sun."
Say She She has been on a meteoric rise since their 2022 debut, playing major festivals and selling out venues around the world. The disco-funk group shows no signs of slowing down, recently releasing their third album "Cut & Rewind." Here is Say She She with "Cut & Rewind."
Say She She has been on a meteoric rise since their 2022 debut, playing major festivals and selling out venues around the world. The disco-funk group shows no signs of slowing down, recently releasing their third album "Cut & Rewind." Here is Say She She with "Disco Life."
The Milan Cortina Winter Games are coming to an end, with the closing ceremony taking place on Sunday. But enjoying a taste of Italy at home is easy with the iconic Aperol spritz. Here's what to know about the famous cocktail.
The U.S. News and World Report best hotels of 2026 list is full of gorgeous suites and travel inspiration. Here's what to know about the ranking.
One of the catalysts for the social media addiction debate was a 2024 book called "The Anxious Generation" by social psychologist Jonathan Haidt. His new book tries to help parents and kids break free from screens. Haidt joins CBS News to discuss Mark Zuckerberg, the ongoing social media addiction trial and artificial intelligence.
A Los Angeles judge ordered Meta officials to remove their AI glasses at a trial over the impact of social media on users.
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.
Meta CEO Mark Zuckerberg took the stand at the social media addiction trial examining whether children and teens were given access to an addictive and harmful product. CBS News' Carter Evans reports.
Meta CEO Mark Zuckerberg testified Wednesday in a civil case over social media addiction allegations that skyrocketing social media use shows how people value the sites and it's not a strategy to keep users addicted. Jo Ling Kent reports.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in an unanticipated crossing of a near-frozen Delaware River. Environmental correspondent David Schechter looks at how Washington's watershed military maneuver dramatized both a changing America, and a changing climate.
The Winter Olympics in Milan need artificial snow due to climate change and warmer weather. Athletes say man-made snow makes terrain more difficult and unpredictable. Rob Marciano reports on its impact.
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Caleb Flynn, 37, appeared in season 12 of "American Idol." He was arrested by Tipp City police last week and charged with murder, assault and tampering with evidence.
Police in Spain seized a stash of about 1,161 pounds of Papaver somniferum, also known as opium poppy.
New Mexico's attorney general has reopened an investigation into activities at a ranch once owned by convicted sex offender Jeffrey Epstein. CBS News correspondent Ian Lee has more.
The FBI investigated a possible act of terrorism outside of Las Vegas on Friday. This came after a driver armed with guns and explosives attempted to ram his car into a power facility not far from the Hoover Dam. CBS News correspondent Carter Evans has more.
Investigators in the Nancy Guthrie case have turned to genetic genealogy as they try to make the most of potential DNA evidence.
The Artemis II mission aims to send four astronauts — Reid Wiseman, Victor Glover, Christina Koch and Canadian astronaut Jeremy Hansen — on a flight around the far side of the moon and back.
An internal investigation is blasting NASA's handling of the first piloted flight of Boeing's Starliner spacecraft in 2024. The flight left two astronauts stuck on the International Space Station for nearly a year. The investigation found the flight was plagued by potentially life-threatening technical and management failures.
President Trump has ordered the release of all government documents related to aliens, UFOs and extraterrestrial life. It comes after former President Barack Obama addressed the topic earlier this week and said aliens are real, a statement which he later modified. CBS News contributor Janna Levin has more details.
A successful fueling test prompts NASA to press ahead toward a March 6 moonshot.
NASA's new boss blasted both Boeing and his own space agency for the botched Starliner flight that left two astronauts stuck in space for months.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Just 350 miles from Washington, D.C., McDowell County, WV, is among the poorest parts of this country and many homes lack drinkable water. This Sunday, 60 Minutes visits the birthplace of food stamps to learn about the impact of looming federal cuts.
The Olympics are coming to an end and Team USA still has its eyes on the prize as the men's hockey team prepares to face Canada in the finals on Sunday. If the U.S. wins, it will be the first time they take home gold in the sport since the "Miracle on Ice" at the 1980 Lake Placid Games.
The Dominican Republic and Haiti share an island once known as Hispaniola. The two nations speak different languages but are connected by a shared history. At a New York City cafe, two friends are bringing the communities together with food.
Say She She has been on a meteoric rise since their 2022 debut, playing major festivals and selling out venues around the world. The disco-funk group shows no signs of slowing down, recently releasing their third album "Cut & Rewind." Here is Say She She with "Under the Sun."
Say She She has been on a meteoric rise since their 2022 debut, playing major festivals and selling out venues around the world. The disco-funk group shows no signs of slowing down, recently releasing their third album "Cut & Rewind." Here is Say She She with "Cut & Rewind."