Here's who won — and lost — under Trump's "big, beautiful bill"
A year after President Trump signed the sweeping tax and spending package, its effects on households, businesses and federal programs are increasingly evident.
Taxes
CPA examines Trump's $1.4 billion crypto income
President Trump's recent financial disclosure showed he made $1.4 billion off his cryptocurrency ventures in 2025. Shehan Chandrasekera, CPA and head of tax strategy at CoinTracker, joins with analysis.
New questions about Trump's taxes
President Trump's financial disclosure is raising many questions. For some, these include ethical concerns about whether he is profiting from the presidency. It's also highlighting another mystery: how much is he paying in taxes? CBS News senior White House correspondent Weijia Jiang has more.
How will Trump's crypto income be taxed?
President Trump made $1.4 billion through his crypto ventures in 2025, according to a new financial disclosure. CBS News senior White House correspondent Weijia Jiang has reporting on the potential tax payments the president may have to make based on those profits.
Taxes on Trump's $1.4 billion crypto income could total hundreds of millions
The White House declined to say how much President Trump paid in taxes on his crypto windfall.
What is the "buy, borrow, die" tax strategy Gavin Newsom wants to ban?
As a proposed billionaire tax in California moves forward, Gov. Newsom says other approaches are needed, including closing a tax loophole used by the ultra-rich.
Newsom proposes federal billionaire tax and AI "public equity" fund
As California Gov. Gavin Newsom eyes a 2028 presidential bid, he's calling for a national tax on billionaires and a public stake in AI, though he opposes a state ballot measure to tax billionaires.
New report reveals White House ballroom costs
A new Washington Post report says President Trump's White House ballroom could cost $600 million, with half the cost borne by taxpayers. Sarah Blaskey, an investigative reporter at The Washington Post who helped break the story, joins "The Takeout" to discuss.
Lawmakers react to Trump's IRS settlement
President Trump's settlement with the IRS is getting mixed reactions from some Republicans and fierce pushback from Democrats. Former Republican Rep. Peter Meijer of Michigan and Democratic strategist Cameron French join with analysis.
Trump pushes for pause on federal gas tax
President Trump told CBS News exclusively on Monday that he wants to suspend the federal gas tax to give Americans some relief at the pump as the war with Iran continues. CBS News senior White House and political correspondent Ed O'Keefe has more.
Would a federal gas tax pause benefit Americans?
President Trump told CBS News on Monday that he wants to suspend the federal fuel tax as the war with Iran continues to send gas prices skyrocketing. CBS News business contributor Javier David joins with analysis.
Stocks stay strong despite Iran war uncertainty
Despite the ongoing war in Iran and high gas prices, stocks started trading higher on Monday. The S&P 500 and Nasdaq both hit record highs, bolstered by the tech sector. Yahoo Finance senior reporter Brooke DiPalma joins with analysis.
Trump on foreign investments in U.S., more
President Trump took questions from reporters at the Oval Office on Thursday after signing an executive order on retirement planning. CBS News senior White House and political correspondent Ed O'Keefe joins following the president's remarks.
California billionaire tax secures enough signatures to make ballot
The measure would impose a one-time, 5% tax on the state's roughly 200 billionaires to fund public programs.
Trump accuses Mamdani of "DESTROYING New York"
More than 100 days into Zohran Mamdani's term as New York City mayor, his unlikely relationship with President Trump is in part defining the democratic socialist's time in office. But on Thursday, the president took to social media to rebuke Mamdani. Political strategists Chuck Rocha and Harrison Fields join "The Takeout" with analysis.
What to know before Tax Day ends
This year's Tax Day ends at midnight on Wednesday. Spencer Jakab, a columnist for The Wall Street Journal, joins CBS News with more details.
Most Americans say they pay too much in taxes. Here's what the data shows.
Six in 10 Americans say they pay more than their fair share in taxes, recent polling shows. Only one-third believe they pay the right amount.
Property taxes are surging. See what homeowners pay by state and county.
The average U.S. property tax bill rose 3.7% last year to $4,427, outpacing inflation even as the typical home lost value.
Sponsored
Last-minute tax tips
CBS News business analyst Jill Schlesinger gives last-minute tax tips for anyone who hasn't filed yet. Most Americans have until April 15 to file their tax return, request an extension to file and pay any taxes owed. (Sponsored by Edward Jones)
Should you rely on AI to do your taxes? Experts warn of risks.
About 1 in 4 Americans are using AI chatbots to prepare their tax returns, but experts warn the tools can produce outdated or inaccurate guidance.
As wealth taxes gain traction, Warren proposes levy on the ultra-rich
Sen. Elizabeth Warren's bill would raise taxes on households worth more than $50 million and on billionaires.
Sponsored
Key tips for a financial spring cleaning
CBS News business analyst Jill Schlesinger breaks down some key tips as people clean before spring and as they prepare their taxes. (Sponsored by AT&T Business)
How to avoid tax season scams
"CBS Saturday Morning" offers tips for avoiding scams this tax season.
These 2 bills would erase income taxes for millions of Americans
Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.
Howard Schultz leaves Seattle as local lawmakers mull millionaire tax
Howard Schultz said he and his wife will move to Florida as Washington weighs a roughly 10% annual tax on earnings over $1 million.
Live
July 4th celebrations mark America's 250th birthday. Follow live updates.
Americans are celebrating 250 years of independence this Fourth of July with events including the largest fireworks display in history.
Taylor Swift and Travis Kelce married in ceremony officiated by Adam Sandler
Taylor Swift and Travis Kelce were married as they celebrated their wedding with hundreds of guests Friday at Madison Square Garden in New York City.
Serena Williams withdraws from Wimbledon doubles match with sister Venus
Serena Williams cited a knee injury behind her decision to withdraw from a doubles match at Wimbledon.
Prince Harry to travel without Meghan to London amid security flap
Meghan and his children may eventually join him on the rest of the trip outside London, the source said.
Live
Mourners chant for revenge as dayslong funeral of Iran's slain leader begins
The flag-draped casket of Ayatollah Ali Khamenei was put on display in Tehran with millions expected to attend his dayslong funeral.
Trump pardons pollution violators prosecuted for "fixing their car"
CBS News previously reported President Trump was weighing pardons of a slate of people convicted of emissions and clean air-related violations.
250 essential American songs to mark nation's birthday
What are the essential American songs? To mark the nation's 250th birthday, we asked that question to Sunday Morning's familiar faces, from performers to artists and writers to community leaders.
CBS to host "The Great American Block Party 250" special on July 4
CBS will host a primetime special celebrating America's 250th birthday on Saturday, July 4, with exclusive performances and the largest fireworks show in history.
Maps show this July 4th could be hottest ever in parts of U.S.
Extremely dangerous heat, coupled with humidity, could result in heat index readings of 100 to 115 degrees from the Midwest to the East Coast, forecasters said.
U.S.
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DNA technology leads to identification of Revolutionary War soldier
The remains of a Revolutionary War soldier were identified as a young man from Maryland just before America's 250th anniversary.
Serena Williams withdraws from Wimbledon doubles match with sister Venus
Serena Williams cited a knee injury behind her decision to withdraw from a doubles match at Wimbledon.
Live
July 4th celebrations mark America's 250th birthday. Follow live updates.
Americans are celebrating 250 years of independence this Fourth of July with events including the largest fireworks display in history.
6 presidential speeches that shaped American history
These six presidential speeches are some that have most reverberated through the ages, and whose impacts are still felt today.
Trump warns of "communist menace" in speech at Mount Rushmore
The president kicked off America's 250th anniversary celebrations with a speech at Mount Rushmore where he warned of a resurgence in communism.
MoneyWatch
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More than 100,000 fireworks recalled ahead of July 4
Federal safety regulators are urging consumers to stop using the recalled fireworks and return them for a full refund.
How to save money on air conditioning as electric bills climb
As Americans endure another bout of extreme heat, experts say small thermostat adjustments and other energy-saving steps can help reduce soaring cooling costs.
Here's who won — and lost — under Trump's "big, beautiful bill"
A year after President Trump signed the sweeping tax and spending package, its effects on households, businesses and federal programs are increasingly evident.
U.S. says it's monitoring oil markets for price-fixing, urges states to do same
Antitrust regulators suggested that state attorneys general could assist in investigating unlawful conduct by companies.
What's open and closed on July 3 and July 4? See which stores are operating.
Major retail stores will be open on Friday, although some may have modified hours on Saturday, July 4.
Politics
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6 presidential speeches that shaped American history
These six presidential speeches are some that have most reverberated through the ages, and whose impacts are still felt today.
Trump warns of "communist menace" in speech at Mount Rushmore
The president kicked off America's 250th anniversary celebrations with a speech at Mount Rushmore where he warned of a resurgence in communism.
Trump announces pardons for pollution violators prosecuted for "fixing their car"
CBS News previously reported President Trump was weighing pardons of a slate of people convicted of emissions and clean air-related violations.
Trump gifted lavish ring from Belgian diamond group that won tariff relief
The gift comes months after Belgium's diamond industry won the removal of U.S. tariffs on diamond imports.
Inside the security operations for July Fourth celebrations in D.C.
The Fourth of July celebrations in Washington, D.C., are deemed a "national special security event," which is the highest possible designation.
HealthWatch
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1 symptom leads to dad's cancer diagnosis: "I was like, 'Wait, what?'"
Eric Dillon thought the pain in his shoulder was a minor injury. It took two years to get the real answer.
Why tick season is expected to be worse than normal
The CDC is reporting the highest rate of emergency room visits from tick bites since 2017 in many parts of the U.S.
Investigation
What a Brooklyn bodega reveals about the craze for an experimental weight-loss drug
It isn't approved by the FDA, but we found an experimental weight-loss drug called retatrutide for sale at a local convenience store.
Actor Danny Glover reveals Alzheimer's diagnosis
Actor Danny Glover spoke about his Alzheimer's diagnosis in an interview with NBC's "Today" show, revealing that he has been living with the disease for several years.
Medicare to help pay for some GLP-1 drugs
Starting Wednesday, Medicare will help pay for some GLP-1 medications for weight loss. CBS News medical correspondent Dr. Celine Gounder explains what this means for patients.
World
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Egypt uncovers lost Byzantine-era city in the western desert
The fourth-century residential city in the western desert is one of two major archaeological finds announced by Egypt on Saturday.
Prince Harry to travel solo to London amid security flap
Meghan and his children may eventually join him on the rest of the trip outside London, the source said.
Trump gifted lavish ring from Belgian diamond group that won tariff relief
The gift comes months after Belgium's diamond industry won the removal of U.S. tariffs on diamond imports.
Prince William appears on "New Heights" podcast ahead of Swift-Kelce wedding
Prince William will appear on the podcast hosted by Jason and Travis Kelce just hours before Travis Kelce and Taylor Swift's anticipated wedding.
Venice mayor proposes new dynamic pricing tourist fee
The mayor of Venice says the city is seeking government approval to introduce a form of dynamic pricing to deal with tourism costs.
Entertainment
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Entertainment
Taylor Swift and Travis Kelce tie the knot
Taylor Swift and Travis Kelce were married at Madison Square Garden in New York City on Friday. Comedian Adam Sandler officiated the ceremony, a representative for Swift confirmed. Jo Ling Kent has more details.
Empire State Building lights up for Taylor Swift and Travis Kelce's wedding
The Empire State Building lit up in blue for Taylor Swift and Travis Kelce's wedding Friday night.
Taylor Swift and Travis Kelce married
Taylor Swift and Travis Kelce are officially married, according to Swift's publicist. Jo Ling Kent reports.
Fans gather in NYC for Taylor Swift's wedding
New York has been waiting for Taylor Swift, as the pop icon may be preparing to marry NFL star Travis Kelce at Madison Square Garden on Friday night. Carlos Greer, a senior reporter at Page Six, joins CBS News to discuss.
World awaits news on Taylor Swift's wedding
Taylor Swift fans are awaiting news on her highly anticipated wedding to football player Travis Kelce. CBS News' Jo Ling Kent reports from New York City.
Technology
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Technology
Why U.S. initially restricted Anthropic AI models
The Trump administration has lifted export restrictions on Anthropic's most advanced artificial intelligence models, Fable and Mythos, after weeks of negotiations over national security concerns. CNET Editor-in-Chief David Katzmaier joins to discuss.
White House lifted AI limits, Anthropic says
Tech giant Anthropic says that the federal government has now removed restrictions from its robust Claude Fable 5 and Mythos 5 models. Axios reporter Madison Mills has more on artificial intelligence regulation.
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.
Sony to stop making physical discs for PlayStation starting in 2028
After January 2028, new games will be available exclusively in digital format from the PlayStation Store and at retailers, Sony said.
Consumers need protection from AI agents, lawmaker says
Sen. Mark Warner wants to create a federal registry of trusted AI agents and ensure autonomous bots operate like fiduciaries.
Science
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The American innovation that made millions of others possible
From the lightbulb to the airplane, to medical breakthroughs and the internet age, the past 250 years have been defined by America's intrepid intellect.
New White House UFO panel chair speaks out
The White House appointed former Harvard University astronomer Avi Loeb to lead its new panel on Unidentified Anomalous Phenomena, also known as UAPs and UFOs. Loeb shares his enthusiasm for his new role.
3 futurists predict what America will be like in the centuries ahead
From space to healthcare and artificial intelligence, what could the next 250 years of the United States look like?
NASA strives to save doomed telescope
NASA is in a race against time as the Swift Observatory telescope in orbit sinks closer to Earth. CBS News consultant William Harwood explains the $30 million salvage operation.
Fossil found in drawer turns out to be first dinosaur bone from Antarctica
Dinosaur fossils are rare to find in Antarctica because of the unforgiving ice caps. But millions of years ago, the region was populated by lush forests.
Crime
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Crime
Trump announces 6 new pardons
The four presidents carved into Mount Rushmore collectively issued over 1,100 pardons. President Trump, who is visiting there tonight, has outdone them all and is now adding more. Nancy Cordes reports.
Trump considering pardons and clemency
President Trump is considering pardons for a group of people convicted of emissions and clean-air-related violations and has discussed potential clemency for Sean "Diddy" Combs, according to sources familiar with his plans. CBS News' Nikole Killion reports.
Trump weighing Diddy clemency, sources say
President Trump is considering pardons for a slew of individuals, including potential clemency for disgraced music mogul Sean "Diddy" Combs and some offenders with pollution-related convictions, sources say. CBS News' Olivia Rinaldi reports.
Olympian charged over alleged D.C. vandalism
U.S. Olympian David Hearn is facing a felony charge after being accused of vandalizing the Lincoln Memorial Reflecting Pool. CBS News senior Justice Department reporter Sarah Lynch has the details.
Man charged over Reflecting Pool vandalism
Former U.S. Olympian David Hearn was indicted on Thursday on a felony charge for allegedly tearing up roughly two feet of the Lincoln Memorial Reflecting Pool last month, amid the algae blooms and political mudslinging around the president's $16 million renovation. Nicole Sganga reports.
Space
More Space
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
NASA astronauts operate on space station's broken robot arm
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Telescope snaps most detailed photo yet of Milky Way's heart
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Latest Galleries
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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.
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.
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
6/27: CBS Weekend News
High winds and heat are fueling Utah's out-of-control wildfires; Iranian drones target Bahrain after U.S. strikes Iran.
Punch Brothers perform "New Bike"
Bluegrass band Punch Brothers was formed by mandolinist Chris Thile in 2006. Their upcoming all-instrumental album, "The Unsung Adventures of Punch Brothers," will be released on July 24. Here's Punch Brothers performing "New Bike."
Punch Brothers play "This Land Is Your Land"
Bluegrass band Punch Brothers was formed by mandolinist Chris Thile in 2006. In celebration of the Fourth of July, here's Punch Brothers performing their cover of Woody Guthrie's classic song, "This Land Is Your Land."
The last residents of Liberty Island
The Statue of Liberty is one of the most recognized works of art in the world, symbolizing American progress and the welcoming promise of immigration. Lady Liberty stands on a 15-acre island, now crowded by tourists — but once, a small group of residents called the island their home.
America's most iconic flag-raising moments
The iconic American flag is recognized around the world, representing the ideals and image of the nation. Author and photographer Roland Miller joins "CBS Saturday Mornings" to showcase some of the most famous flag moments in American history.