Taming inflation could drive unemployment to 6%, bank says
Some economists think the nation's jobless rate could surge far beyond what the Federal Reserve expects.
Unemployment
Will the U.S. see a recession next year?
Economists are shifting gears and now saying the U.S. will enter a recession within the next year. CBS News anchors Lana Zak and Lilia Luciano spoke with Wall Street Journal reporter Harriet Torry about the potential impact.
Consumer prices climb 8.2%
Consumer prices rose again in September despite the Federal Reserve's attempts to drive down inflation. CBS News' Errol Barnett and Lana Zak speak with Diane Swonk, chief economist at KPMG U.S., about how the latest data could impact the Fed's next rate hike decision.
Employers add 263,000 jobs in September amid hiring slowdown
The labor market experienced the slowest job growth in 18 months, although the unemployment rate shrank to its lowest level in 50 years.
Initial jobless claims rise
Tim Speiss, a tax partner for EisnerAmper, joined CBS News after the closing bell on Wall Street. He discussed the latest unemployment claims report and what investors can do with their portfolios.
Layoffs rising as the U.S. economy slows
More Americans filed for jobless aid last week as layoffs jumped, showing the Fed's rate hikes are taking a toll.
Buckle up, America: The Fed wants to put you out of a job
Fed Chair Jerome Powell says curbing inflation will cause pain. Critics say putting millions out of work is unnecessary.
11/18: Red and Blue
President Biden hosts Canadian Prime Minister Justin Trudeau and Mexican President Andrés Manuel López Obrador at the White House; U.S. jobless claims fall to new pandemic low
7/8: Red and Blue
Biden announces August 31 deadline for withdrawing troops from Afghanistan; U.S. jobless claims increase over last week
3/11: Red and Blue
Biden addressing nation after passing COVID relief bill; Matthew McConaughey mulling run for Texas governor
2/22: Red and Blue
Commemorating 500,000 lives lost to COVID; Push to honor Black American war hero's bravery
Impact of Federal Reserve rate hike
The Federal Reserve raised interest rates again by three-quarters of a percentage point. Lori Bettinger, the president of BancAlliance and former director of the U.S. Treasury Department's troubled asset relief program, explains what the latest increases mean for consumers.
Feds say $45.6 billion in pandemic jobless aid was likely stolen
Government probe shows scammers used the Social Security numbers of more than 200,000 dead people to claim jobless benefits.
Fed hikes key interest rate yet again
The Federal Reserve approved a third consecutive 0.75 percentage point hike to its benchmark interest rate Wednesday in an effort to tackle record inflation. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joined John Dickerson to discuss the impact of the interest rate hikes on the U.S. economy.
Reaction to jobs and retail rales reports
David Kelly, the chief global strategist for J.P. Morgan Asset Management, joins CBS News to discuss the drop in first-time jobless claims last week and last month's rise in retail sales. He also shares his expectations for next week's highly anticipated Federal Reserve meeting.
Trump economic adviser Stephen Moore on "The Takeout"
Writer and Trump economic adviser Stephen Moore joins Major to talk about mass unemployment as well as how America can return to business amid the pandemic on this week's episode of "The Takeout with Major Garrett."
8/2: Face The Nation
This week on "Face the Nation," coronavirus deaths and infections continue to rise in the U.S. as July marks the worst month for new cases since the beginning of the pandemic.
5/10: Face The Nation
This week on "Face the Nation," the grim march to reopen the country continues as unemployment soars to levels unseen since the Great Depression.
7/26: Face The Nation
This week on "Face the Nation", 100 days from the election, the coronavirus surges in the south and west, with hospitalizations and deaths on the rise. Unemployment claims spike for the first time in nearly four months, and President Trump looks for a reset.
5/24: Face The Nation
This week on "Face the Nation", the country approaches a grim milestone of 100,000 coronavirus deaths as all 50 states begin to ease restrictions.
9/6: Face The Nation
This week on "Face the Nation", as the fall presidential campaign season kicks off, the country faces unprecedented challenges and the candidates work to convince, distract and excite voters.
Job growth remains strong in August report
The U.S. added 315,000 jobs in August, fairly on track with what economists predicted. With the unemployment rate rising slightly to 3.7%, it could be a sign that the hot labor market is beginning to cool off. Jesse Wheeler, economic analyst at Morning Consult, joins CBS News to discuss what it all means.
U.S. unemployment claims fall as GDP shrinks
The number of Americans filing for first-time unemployment benefits dropped last week. Meanwhile the Department of Commerce released updated gross domestic product figures for the second quarter of 2022. Yahoo Finance senior columnist Rick Newman joins CBS News to discuss these and the mortgage market.
The latest on the 2014 agenda in Washington, from Obamacare to unemployment benefits
The latest on the 2014 agenda in Washington, from Obamacare to unemployment benefits, with Senate Majority Leader Harry Reid, D-Nev., Reps. Matt Salmon, R-Ariz., and Peter King, R-N.Y., and more.
Fewer available jobs, low unemployment clash
Despite low unemployment numbers, some economic indicators point to an impending slowdown — including a drop in the number of job openings nationwide. Kris Van Cleave reports.
House to vote today on must-pass defense policy bill
The House is poised to vote Wednesday on a $900 billion defense policy bill as both chambers race to pass it before the end of the year.
Venezuela's María Machado to miss Nobel Peace Prize ceremony in Oslo
Venezuelan opposition leader María Corina Machado, in hiding for almost a year, will miss the ceremony to collect her the Nobel Peace Prize in Norway.
Trump says he's "crushing" inflation as GOP faces affordability concerns
President Trump is speaking about affordability and his economic agenda in the Poconos, in northeastern Pennsylvania, Tuesday night.
Sperm donor with cancer-causing gene fathers nearly 200 children
A genetic mutation that carries a 90% cancer risk has been passed on by an unwitting sperm donor to dozens of children, a Europe-wide investigation has revealed.
Democrats' path to power may come through hundreds of races far from Washington
In a new strategy memo, the leader of the Democratic Legislative Campaign Committee makes a case that the party has a "once in a generation" chance to flip over 650 state legislative seats.
Ukraine launches attacks on Russia's shadow fleet in foreign waters
At least three oil tankers have been hit by explosions in what appears to be a stepped up unilateral effort by Ukraine to sink Russia's sanctions-dodging oil sales.
Thune says Senate GOP will bring up alternative health care bill for a vote
Majority Leader John Thune announced that the Senate will vote on a Republican-led measure alongside a Democratic bill to extend expiring tax credits.
Border Patrol agent indicted for allegedly sexually assaulting, robbing women
A Chicago Border Patrol agent is facing federal charges for allegedly sexually assaulting four women at Chicago area hotels while on the job in 2022.
1 killed in shooting at Kentucky State University, officials say
One person is dead and another was critically wounded in a shooting at Kentucky State University, officials said Tuesday.
U.S.
More U.S.
House to vote today on must-pass defense policy bill
The House is poised to vote Wednesday on a $900 billion defense policy bill as both chambers race to pass it before the end of the year.
$30 million settlement approved for family of teen killed by San Diego police
The settlement approved for Konoa Wilson's family exceeds the $27 million the city of Minneapolis agreed to pay the family of George Floyd.
Rod Paige, architect of No Child Left Behind policy, dies at 92
Under Rod Paige's leadership, the Department of Education implemented the No Child Left Behind policy that in 2002 became former President George W. Bush's signature education law.
Elon Musk suggests he wouldn't do DOGE over again
Six months after stepping down from leading the Trump administration's Department of Government Efficiency, billionaire Elon Musk suggested in an interview he likely would not repeat his time helming the cost-cutting mission.
Army gynecologist charged with taking secret videos of 44 patients
Army Maj. Blaine McGraw, an OB-GYN at Carl R. Darnall Army Medical Center at Fort Hood in Texas, was charged Tuesday with 54 specifications for indecent visual recording.
MoneyWatch
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GoFundMe fundraisers to pay for basic living expenses surged in 2025
Fundraising patterns reflect Americans' mounting affordability challenges, according to GoFundMe CEO Tim Cadogan.
MacKenzie Scott announces she donated $7.1 billion to nonprofits in 2025
The author and philanthropist MacKenzie Scott revealed $7.1 billion in donations to nonprofits in 2025 Tuesday, marking a significant increase in her annual giving from recent years.
Why fighting inflation may not be the best way to make life more affordable
Beating back inflation is only half the battle in lowering the cost of living — you also have to think about people's pay, economists argue.
Trump says he's "crushing" inflation as GOP faces affordability concerns
President Trump spoke about affordability and his economic agenda in the Poconos, in northeastern Pennsylvania, Tuesday night.
Instacart's AI-enabled pricing may be bumping up your grocery bill
Shoppers may be unaware they're paying as much as 23% more than others for the same grocery items on Instacart, a new analysis says.
Politics
More Politics
House to vote today on must-pass defense policy bill
The House is poised to vote Wednesday on a $900 billion defense policy bill as both chambers race to pass it before the end of the year.
Democrats' path to power may come through hundreds of races far from Washington
In a new strategy memo, the leader of the Democratic Legislative Campaign Committee makes a case that the party has a "once in a generation" chance to flip over 650 state legislative seats.
Rod Paige, architect of No Child Left Behind policy, dies at 92
Under Rod Paige's leadership, the Department of Education implemented the No Child Left Behind policy that in 2002 became former President George W. Bush's signature education law.
Elon Musk suggests he wouldn't do DOGE over again
Six months after stepping down from leading the Trump administration's Department of Government Efficiency, billionaire Elon Musk suggested in an interview he likely would not repeat his time helming the cost-cutting mission.
Eileen Higgins wins Miami mayoral runoff, breaking 30-year Democratic drought
Higgins defeated former city manager Emilio Gonzalez with 59% of the vote, pledging to tackle housing affordability, climate resilience, and restore trust at City Hall.
HealthWatch
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HealthWatch
Extended interview: Dr. Rochelle Walensky
CBS News chief medical correspondent Dr. Jon LaPook speaks at length with former CDC director Dr. Rochelle Walensky about the hepatitis B vaccine and last week's vote by the CDC's vaccine advisory panel to change the recommendation for when children should get their first dose of the vaccine.
Nursing home chain avoids settlement payouts after bankruptcy filing
Genesis HealthCare's bankruptcy case in Dallas will allow the nursing home chain to avoid paying millions of dollars it promised for residents who were injured or died while in its care.
Nuts sold at Wegmans stores in 9 states recalled over salmonella risk
Mixed nuts from Ohio-based Mellace Family Brands sold at some Wegmans stores could be tainted with Salmonella, FDA warns.
Details on CDC Hepatitis B vaccine decision
The Centers for Disease Control and Prevention's vaccine advisory panel on Friday voted to not recommend the Hepatitis B vaccine for everyone at birth, alarming many in the medical community. CBS News medical contributor Dr. Celine Gounder explains what to know about the decision and its potential impact.
Controversial appointee rocks FDA like "an atom bomb," scientists there say
The Trump administration's elevation of Dr. Tracy Beth Høeg to lead a high-profile office within the Food and Drug Administration is raising alarm among multiple senior FDA officials.
World
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Sperm donor with cancer-causing gene fathers nearly 200 children across Europe
A genetic mutation that carries a 90% cancer risk has been passed on by an unwitting sperm donor to dozens of children, a Europe-wide investigation has revealed.
Possible evidence of 2,100-year-old ceasefire uncovered in Israel
Archaeologists finished excavating foundations of the ancient wall that surrounded Jerusalem when the story of Hanukkah took place.
Trump says he'll "make a phone call" to stop Cambodia-Thailand clashes
President Trump helped end a simmering conflict between Cambodia and Thailand in the summer, but the ceasefire didn't last long.
Venezuela's María Machado to miss Nobel Peace Prize ceremony in Oslo
Venezuelan opposition leader María Corina Machado missed the ceremony, but said she'd arrive later "to embrace all my family and my children that I've have not seen for two years."
Sneaky dogs let horse and steer run amok in Aussie lawmaker's living room
Australian lawmaker Andrew Mackay says his pets are safe, but "now the outside animals know what aircon feels like," and someone drank from the fish tank.
Entertainment
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Entertainment
Lucas Bravo on new "Emily in Paris" season
Lucas Bravo, who stars as Gabriel in "Emily in Paris," talks about the new season of the show, what he loves about his character and working with Lily Collins. Plus, he discusses playing a villain role in the series, "The Seduction."
Mark Hamill, Tom Kenny on SpongeBob movie
Tom Kenny, the voice of SpongeBob, and Mark Hamill, the voice of the Flying Dutchman, speak with "CBS Mornings" about their new film, "The SpongeBob Movie: Search for SquarePants" and marking 26 years since the first episode aired.
Golden Globe nomination surprises and snubs
Hollywood's awards season is underway with Golden Globe nominations announced on Monday. "One Battle After Another" was a financial flop at the box office, but it earned the most nominations. There were also a handful of first-time nominees and some surprising snubs.
Details on Paramount bid for Warner Bros.
Paramount Skydance has announced a hostile takeover bid for Warner Bros. Discovery after Netflix reached a deal last week to buy part of the company. The Paramount Skydance offer to purchase the entire company was presented directly to Warner Bros. shareholders. CBS News MoneyWatch correspondent Kelly O'Grady explains.
Paramount Skydance makes $108.4 billion bid for Warner Bros. Discovery
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
Technology
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Technology
At least 6 families sue Character.AI
At least six American families are suing Character.AI, its co-founders and Google over the role its chatbot allegedly played in encouraging their children to take their own lives. Ian Krietzberg, AI correspondent for Puck News, joined CBS News to discuss.
Waymo fallout amid school bus safety issues
Waymo, the ride-hailing service, says it is planning a voluntary software recall to fix a glitch after reports its self-driving cars don't stop for school buses. The company has already tried to fix the issue, but police in Texas said it didn't work. Kris Van Cleave reports.
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.
2025 holiday gift ideas from Techno Claus
Who dresses as St. Nick and speaks an odd brogue? Why, it's Techno Claus, a.k.a. David Pogue! He offers "Sunday Morning" viewers his valuable tips for the gadget lovers on your gift-giving list.
There's a new face in Hollywood, generated by AI
Tilly Norwood is unlike any other aspiring TV or movie star: Tilly is entirely generated by artificial intelligence. What might that mean for the media industry?
Science
More Science
Fossil footprints in Bolivia reveal dinosaurs' awkward attempts to swim
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Sick ants invite self-sacrifice to save colony: "Come and kill me"
Ant colonies act as one "super-organism" which works to ensure the survival of all, according to a team of scientists.
Mystery owner of ancient foot found in Africa identified, scientists say
The discovery could cast some doubt on the status of Lucy's species as the direct ancestor of Homo sapiens.
Crime
More Crime
Crime
1 dead in Kentucky State University shooting
Police arrested a suspect after a shooting at Kentucky State University in Frankfort killed one student and injured another. Police say Jacob Lee Bard is facing murder and first-degree assault charges. Skyler Henry spoke to students about the moment they heard the gunshots.
Army gynecologist charged with taking secret videos of 44 patients
Army Maj. Blaine McGraw, an OB-GYN at Carl R. Darnall Army Medical Center at Fort Hood in Texas, was charged Tuesday with 54 specifications for indecent visual recording.
Watch: Body cam video of Mangione's arrest
For the first time, the public is seeing body camera footage from Luigi Mangione's arrest. It was released on Tuesday during the pre-trial hearing for the man accused of killing UnitedHealthcare CEO Brian Thompson last year. CBS News legal reporter Katrina Kaufman has more.
Shooting at Kentucky State University: police
Police say one person was killed and another was injured at Kentucky State University in Frankfort. CBS News correspondent Tom Hanson reports.
FBI releases new photo of Ryan Wedding
The public is getting a new look at the man the FBI director called a "modern day iteration of Pablo Escobar," former skier and snowboarder Ryan Wedding. CBS News' Tom Hanson has the latest on the search.
Space
More Space
Black hole spotted blasting winds at 130 million miles per hour
The European Space Agency said that the black hole inside the spiral galaxy NGC 3783 has the mass of 30 million suns.
3-man crew undocks from space station, wrapping up 8-month stay
Russian Soyuz crews are now spending eight months aboard the space station instead of six to stretch supplies and lower costs.
"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
Air Force approves SpaceX launch pad expansion
The U.S. Air Force has approved SpaceX's plan to redevelop a historic launch pad at Cape Canaveral. CBS News correspondent Mark Strassmann reports.
Geomagnetic storm watch issued after powerful solar flare
Solar flares and other activity can disrupt radio communications, power grids and navigation signals, according to NASA.
Latest Galleries
More Latest Galleries
Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
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.
Robert Redford 1936-2025
A retrospective look at the actor, director, producer, and founder of the Sundance Institute.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Eye Opener: Trump defends economic record
President Trump kicked off an "affordability tour" and defended his record on the economy. Plus, another round of snow slams the Midwest while a major system brings dangerous floods to the Northwest. All that and all that matters in today's Eye Opener.
1 dead in Kentucky State University shooting
Police arrested a suspect after a shooting at Kentucky State University in Frankfort killed one student and injured another. Police say Jacob Lee Bard is facing murder and first-degree assault charges. Skyler Henry spoke to students about the moment they heard the gunshots.
Fed to make next interest rate decision
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to break down the Federal Reserve's interest rate decision on Wednesday and how Americans are feeling about affordability.
Eileen Higgins wins Miami mayoral race
Eileen Higgens won Miami's mayoral runoff election Tuesday. She is the first Democrat to be elected mayor of the city in more than 30 years. CBS News correspondent Cristian Benavides reports.
Ricki Lake reunited with family photos after fire
Nearly a year after her home burned down in the Palisades wildfire, Ricki Lake is celebrating a surprise discovery. An artist recently found some of the former talk show host's precious family photos at a flea market. Carter Evans has the story.