Almost 98% of nation's wealth is owned by top half of Americans
Top households are grabbing a larger share of the nation's wealth, a trend experts say could accelerate due to tax cuts and tariffs, experts say.
Taxes
What new tax filers should know
Here are some tips for new filers participating in the 2024 tax filing season. Medora Lee, a personal finance reporter for USA Today, joins CBS News with more.
Trump's auto tariffs draw rebukes, concern from U.S. trading partners
Reaction to Trump's 25% auto tariffs include neighbors who insist "there shouldn't be any tariffs," to adversaries who say nobody will win a trade war.
Tax deductions you shouldn't overlook
Here are some tax deductions that are often overlooked. Medora Lee, a personal finance reporter with USA Today, joins CBS News with more details as the 2025 tax filing season comes to an end.
IRS revenue reportedly dropping $500 billion
The IRS and Treasury Department are predicting a loss of more than $500 billion in tax revenue compared to 2024, according to the Washington Post. CBS News White House reporter Aaron Navarro has more.
How to get your tax refund quickly
According to the IRS, 61.4 million tax returns have been received and more than 60.7 have been processed. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss how to get your refund quickly, this year's average refund amount and how to invest it.
These tax errors could delay your refund
We're less than a month out from tax day and if you still haven't filed there are some common mistakes you should try to avoid to make sure you get your refund in a timely fashion. Medora Lee, money and personal finance reporter for USA Today, joined CBS News with tips.
IRS chief counsel demoted and replaced with DOGE ally
IRS' top lawyer replaced amid DOGE's alleged push to share taxpayer info with other federal agencies.
Thinking of rolling over your old 401(k) into an IRA? Here's how.
If deciding what to do with an old 401(k) plan has been on your to-do list, here are the key steps you should take to get it done.
Protecting yourself from tax identity theft
Karla Dennis is an enrolled tax agent with KDA Incorporated, a tax strategy business. She joined CBS News to discuss how to protect yourself from someone stealing your identity and filing a tax return in your name, potentially running off with your refund.
Culinary union member attends Trump's address
One of the defining promises of President Trump's 2024 campaign: Cutting taxes on tips. Democratic Rep. Steven Horsford of Nevada and his guest for Trump's address to Congress, culinary union member and tipped hospitality worker Yolanda Garcia, join CBS News to discuss.
Rep. DelBene on Trump-Zelenskyy meeting, more
Democratic leaders are sharing their concerns about the House Republicans' budget resolution. Rep. Suzan DelBene of Washington, chair of the Democratic Congressional Campaign Committee, joins "America Decides" to discuss.
Tax refunds in 2025 are about $1,000 less than in 2024. Here's why.
IRS data shows that the average refund check so far is about $2,200, or $1,000 less than a year earlier. Here's what experts say.
Inside GOP's budget plan
After a lot of back-and-forth on Tuesday night, House Republicans were able to narrowly adopt a budget resolution that would advance President Trump's agenda. The proposal passed in a 217-215 vote. CBS News congressional correspondent Caitlin Huey-Burns reports.
House facing first test of new Trump term
If House Speaker Mike Johnson wants to pass the Trump-backed budget plan, which includes trillions in tax cuts, he can only afford to lose one Republican vote. However, multiple GOP lawmakers have already said they are a "no" or leaning no. CBS News political correspondent Caitlin Huey-Burns has the latest.
How to reduce your taxable income
Contributing to your retirement plans, considering health savings accounts and donating to charity may help reduce your taxable income. Bankrate's Kemberley Washington joins CBS News with tips.
Gov. Lujan Grisham on potential Medicaid cuts
While President Trump insists he won't touch Medicaid, his agenda in Congress tells a very different story. The House is set to vote on a spending plan that could cut Medicaid funding by hundreds of billions of dollars to offset Trump's proposed tax cuts. New Mexico Democratic Gov. Michelle Lujan Grisham joins "America Decides" to discuss how the potential cuts could impact healthcare in her state.
Senate confirms Howard Lutnick as commerce secretary
The wealthy financier is a staunch supporter of the president's hardline trade polices.
Tax tips for remote workers
If you're still working from home, you might be looking into some home office deductions as you prepare your taxes. Money and personal finance reporter Medora Lee joined CBS News to discuss those potential deductions and other tax tips.
What to know about DOGE access to IRS data
The New York Times reports the IRS is planning to give a team member of DOGE access to sensitive taxpayer data. The IRS is also facing layoffs of probationary workers in the middle of tax season as DOGE continues to trim down the federal government. CBS News White House reporter Aaron Navarro has more.
IRS warns of tax advice on social media
While social media is a great place for DIY tips and new recipes, the IRS is cautioning taxpayers against using it for tax advice. Misinformation could end up costing you more than you bargained for. CBS News Philadelphia's Josh Sidorowicz reports.
New brackets, deductions, credits for taxes
It's tax filing time and if you're working on your 2024 return then you might be seeing changes with brackets, rates and other parts of the tax code. CBS News business analyst Jill Schlesinger has a look at some of what's different this year.
Trump targets a Wall Street tax break also in Democrats' crosshairs
The Trump administration's list of tax priorities includes eliminating a loophole that benefits private equity firms, hedge funds and other big investors.
Treasury data accessed by DOGE: What we know
President Trump has placed the Department of Government Efficiency in charge of cutting the size and spending of the federal government. However, the group's reach is prompting concerns over the access it has received to some of the most confidential information for millions of Americans. CBS News chief Washington correspondent Major Garrett spoke with a former Treasury Department official about the scope of the information DOGE can now access.
Rep. Chip Roy on Trump's Gaza proposal
Allies and adversaries of the U.S. are widely criticizing President Trump's proposal to "take over" the Gaza Strip. Republican Rep. Chip Roy of Texas joins "America Decides" with his reaction to the plan.
Live
U.N. experts say U.S. may have committed war crimes with 2 Iran strikes
U.N.-commissioned rights experts say there are "reasonable grounds" to believe the U.S. committed war crimes with strikes that killed scores of Iranian civilians.
Patrick Clancy says he still talks to his kids "all the time"
This Sunday on 60 Minutes, Patrick Clancy talks about his grief, his memories of his children, and the baseless conspiracy theories that flooded social media since his ex-wife's murder trial.
First on CBS
Trump ordered DOJ not to appeal ruling loosening gun limits, sources say
President Trump ordered the Justice Department not to appeal a court ruling that loosened restrictions on firearms known as "gangster weapons," sources familiar with the matter told CBS News.
Farmer who voted for Trump says farmers are "all just in survival mode"
Matt Bell said he initially supported Trump's policies but now feels he and other farmers were "sold a bill of goods" that there was a plan to "put America's farmers and ranchers first."
Investigation
There are more trucks on U.S. highways. But the government is inspecting them less.
A CBS News investigation finds that more than 600 people have died in crashes since 2024 with trucks operated by companies that had never been subjected to a roadside safety inspection.
Holdout juror in Lindsay Clancy trial says he "didn't have any doubts"
Michael Desronvil, the lone holdout juror in the high-profile Lindsay Clancy murder trial, said he "didn't have any doubts" during deliberations.
F-16 from Texas crashes in Michigan, evacuation order issued
Blair Township Supervisor Nicole Blonshine said she was told the aircraft was an F-16 but does not have "100% confirmation." The pilot parachuted out before it crashed, she said.
Trump photo shows him viewing "Kennedy Center demolished" document
In court documents filed Wednesday by Rep. Joyce Beatty, a witness said he saw a "forklift run into and hit the pillars" of the building.
Patrick Clancy's wife to appear on 60 Minutes
Ross Douthat's interview with Patrick Clancy and Dr. Rachel Danis airs Sunday on 60 Minutes.
U.S.
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Holdout juror in Lindsay Clancy trial says he "didn't have any doubts"
Michael Desronvil, the lone holdout juror in the high-profile Lindsay Clancy murder trial, said he "didn't have any doubts" during deliberations.
First on CBS
Trump ordered DOJ not to appeal ruling loosening gun limits, sources say
President Trump ordered the Justice Department not to appeal a court ruling that loosened restrictions on firearms known as "gangster weapons," sources familiar with the matter told CBS News.
Farmer who voted for Trump says farmers are "all just in survival mode"
Matt Bell said he initially supported Trump's policies but now feels he and other farmers were "sold a bill of goods" that there was a plan to "put America's farmers and ranchers first."
No relief in sight for U.S. drivers as gas and diesel prices surge
The Iran war and Russia-Ukraine conflict are knocking out global refining capacity, pushing fuel prices higher, analysts said.
F-16 from Texas crashes in Michigan, evacuation order lifted
An F-16 fighter jet crashed in Grand Traverse County, Michigan, on Thursday, triggering an evacuation order along part of County Road 633, the county's emergency management said.
MoneyWatch
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No relief in sight for U.S. drivers as gas and diesel prices surge
The Iran war and Russia-Ukraine conflict are knocking out global refining capacity, pushing fuel prices higher, analysts said.
What the Fed's rate hike reveals about Warsh, Trump and inflation
The Fed's first rate hike in more than three years underscores the challenge of taming inflation as the Iran war drags on.
1 in 3 Americans with health insurance have medical debt, survey finds
Nearly half of Americans with medical debt owe at least $2,000, forcing them to make tough choices, new research shows.
Millionaires are everywhere in the U.S., new book says
Getting rich in the U.S. is still possible, but the most common path to wealth doesn't involve working for other people, according to a new book.
OpenAI reveals 6 more incidents of "unexpected or concerning" AI behavior
OpenAI has disclosed six reports of "unexpected or concerning" behavior in artificial intelligence models as the debate on AI safety becomes increasingly heated.
Politics
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First on CBS
Trump ordered DOJ not to appeal ruling loosening gun limits, sources say
President Trump ordered the Justice Department not to appeal a court ruling that loosened restrictions on firearms known as "gangster weapons," sources familiar with the matter told CBS News.
Farmer who voted for Trump says farmers are "all just in survival mode"
Matt Bell said he initially supported Trump's policies but now feels he and other farmers were "sold a bill of goods" that there was a plan to "put America's farmers and ranchers first."
Senate Democrat blocks bill to shield Americans from data center energy costs
One Senate Democrat scuttled a Republican-led effort to pass legislation aimed at shielding Americans from energy costs attributed to data centers, saying it didn't go far enough.
White House withdraws ICE director nominee Richard Schroyer
Richard Schroyer's nomination was held up in the Senate. The White House eventually pulled it.
Iran downed at least 2 American drones in recent days, U.S. officials say
Iranian forces in recent days have brought down at least two American MQ-1 unmanned aircraft, according to U.S. officials familiar with the matter.
HealthWatch
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HealthWatch
Conjoined twins separated in Ethiopia
Two-year-old conjoined twin sisters saw each other face-to-face for the first time after a successful 24-hour surgery to separate them. Ian Lee reports from the children's hospital in St. Louis, where it happened.
1 in 3 Americans with health insurance have medical debt, survey finds
Nearly half of Americans with medical debt owe at least $2,000, forcing them to make tough choices, new research shows.
How Olympian Aly Raisman learned to advocate for her own health
In the latest episode of "Healthful," Olympic gold medalist Aly Raisman discusses what she's learned about speaking up for herself and taking care of her body.
Investigation
A trusted seal made websites look legit. The weight-loss drug they sold wasn't.
Selling retatrutide commercially is prohibited by federal law. Yet, companies have promoted the drug on social media, thanks in part to being certified by LegitScript.
Outcome of employment lawsuit could promote use of skimpy health plans
A long-running lawsuit challenging what it means to be an employee and therefore have access to work-based health plans is being closely watched by health policy analysts.
World
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Iran downed at least 2 American drones in recent days, U.S. officials say
Iranian forces in recent days have brought down at least two American MQ-1 unmanned aircraft, according to U.S. officials familiar with the matter.
Canada, EU look to forge an "Alliance for the Future" amid Trump threats
Canada's leader draws regular scorn from President Trump, but European leaders gave him a standing ovation as they aim to push their ties to "the highest level."
Princess Diana's brother claims Charles told him, "we'll forget her soon"
The late Prince Diana's brother claims in a new book that King Charles had "contempt" for his ex-wife, telling him she would be forgotten "soon enough."
1,700-year-old fragment of "Odyssey" discovered inside library book
The paper was found inside a collection of early Christian manuscripts purchased by Utrecht University in the mid-20th century.
Possible U.S. war crimes in Iran cited by U.N.-backed experts
Human rights experts commissioned by the U.N.'s top human rights body say they have found "reasonable grounds" to believe the United States committed war crimes in two strikes in Iran.
Entertainment
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Entertainment
From the archives: Bob Mackie on being dressmaker to the stars
Nine-time Emmy-winning costume designer Bob Mackie, who clothed such musical and comedic talents as Cher, Carol Burnett, Barbra Streisand and Liza Minnelli, died on Sept. 14, 2026 at age 87. In this Sept. 21, 2003 "Sunday Morning" profile, Mackie talked with correspondent Rita Braver about how a star-struck kid growing up outside Hollywood became a dressmaker to the stars, and what fascinates him about divas. He also talked about the tragic death of his son, Robin, from AIDS.
Jacob Tremblay on starring in "Unabomber"
Jacob Tremblay, who stars in Netflix's new film, "Unabomber," sits down with "CBS Mornings" to discuss his career, working with Russell Crowe and what it was like to play a young Ted Kaczynski.
Global Citizen founder explains motivations
The 2026 Global Citizen Festival kicks off in New York City's Central Park in late September. Global Citizen co-founder Hugh Evans explains the charity work his organization does.
Sheeran torched over Macklemore tour ousting
Ed Sheeran is facing intense public backlash after rapper Macklemore, who was set to open his upcoming tour dates, was dropped from the production over pro-Palestine comments. CBS News' Shanelle Kaul reports and Alex Suskind, news director at online music magazine Pitchfork, joins "The Daily Report" to discuss.
Judge Judy's son takes up the gavel in new show
Judge Judy has been a staple of daytime TV for 30 years, but now televised courts are becoming a family affair with her son, Adam Levy, picking up the gavel and donning the robe for "Adam's Law." Judge Levy joins CBS News to preview the new show.
Technology
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Technology
Ethical AI advocate on safety concerns
OpenAI on Thursday revealed an additional six incidents in which its artificial intelligence models exhibited unexpected or concerning behavior. Stuart Russell, a distinguished professor of computer science at UC Berkeley and president of the International Association for Safe and Ethical AI, joins CBS News to discuss.
Rep. Larsen: "We need to get serious" about AI
From terror groups to possible existential threats to rogue bots, safety concerns over artificial intelligence have grown in recent weeks. Democratic Rep. Rick Larsen of Washington joins CBS News to discuss how Congress can act.
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.
FBI expands AI usage despite safety warnings
FBI Director Kash Patel said this week the bureau is expanding its AI usage. That statement came just as OpenAI disclosed 6 new instances of "unexpected or concerning" AI behavior. Ian Krietzberg, AI correspondent at Puck News, joins "The Daily Report."
Experts discuss the potential dangers of AI
Amid growing concerns about the safety of artificial intelligence following resignations and reports of models going rogue, experts joined CBS News to unpack the potential threat AI could pose to humanity.
Science
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Humpback whale seen grieving dead calf in rare footage
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Remains of ancient warhorse given honorific burial discovered in Egypt
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Anthropic CEO says "exponential" growth of AI is a "warning sign"
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
First-ever adult T. rex trackway found in North Dakota
Paleontologists have identified the first known trackway made by a full-grown Tyrannosaurus rex, and the discovery was made in the North Dakota badlands.
Ig Nobel prizes go to scientists studying cockroach milk, nose-blowing, more
Ten research teams were honored at a satirical science awards ceremony that was hosted outside the U.S. for the first time due to travel concerns. A study of cockroach milk was among the winners.
Crime
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Crime
Patrick Clancy, his wife sit with 60 Minutes
Patrick Clancy and his new wife, fertility doctor Rachel Danis, sat down with 60 Minutes this week. Shanelle Kaul has a preview of the story, which airs Sunday.
Government truck safety inspections decline
Government roadside inspections of commercial trucks are declining. With that in mind, a CBS News investigation found more than 2,000 people have been killed since 2019 in accidents involving licensed trucking companies that had no roadside inspection on record before the crash. CBS News senior investigative data journalist Steve Reilly reports.
Philly police probing possible serial murders
Philadelphia police, along with the FBI, are investigating possible serial murders in the city. This comes after investigators discovered evidence tied to at least five missing women in a home in the city's Olney neighborhood. CBS Philadelphia reporter Joe Holden has the latest.
Evidence discovered in "house of horrors"
Investigators are looking into photo and video evidence that appears to show missing women dead inside a so-called "house of horrors" in Philadelphia. CBS News' Jericka Duncan has more on the case.
Coast Guard concerned about AI crime
The U.S. is investigating cyberattacks on two energy tankers to determine whether Iran was involved. CBS News' Nicole Sganga has what you need to know.
Space
More Space
NASA spacecraft discovers moon crater bigger than Roman Colosseum
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
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.
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.
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.
Latest CBS News Videos
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Latest CBS News Videos
Farmer considers quitting due to price hikes
Matt Bell has been farming in North Carolina for more than half his life. He voted for President Trump but said farmers are "fighting for survival" as they combat rising prices.
Legal expert on Trump's Kennedy Center battle
President Trump has suggested that he might demolish the Kennedy Center in Washington, D.C. CBS News legal contributor Jessica Levinson breaks down the constitutional implications.
Patrick Clancy, his wife sit with 60 Minutes
Patrick Clancy and his new wife, fertility doctor Rachel Danis, sat down with 60 Minutes this week. Shanelle Kaul has a preview of the story, which airs Sunday.
Ethical AI advocate on safety concerns
OpenAI on Thursday revealed an additional six incidents in which its artificial intelligence models exhibited unexpected or concerning behavior. Stuart Russell, a distinguished professor of computer science at UC Berkeley and president of the International Association for Safe and Ethical AI, joins CBS News to discuss.
Rep. Larsen: "We need to get serious" about AI
From terror groups to possible existential threats to rogue bots, safety concerns over artificial intelligence have grown in recent weeks. Democratic Rep. Rick Larsen of Washington joins CBS News to discuss how Congress can act.