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The U.S. is struggling with some of its highest levels of inflation in four decades. Heather Boushey, who is on the White House’s Council of Economic Advisers, joins CBS News to discuss the Biden Administration’s plans to address its new top economic priority, inflation.
Investors retreat as global crude prices jump on European Union plan to embargo most Russian oil exports.
With domestic airfares averaging over $400 a round trip, "Europe is the best travel bargain out there," says one expert.
Investors cheered by economic data showing that inflation slowed in April for the first time since November 2020.
Although U.S. inflation remains painfully high, two closely watched barometers suggest prices are moderating.
Compensation for chief executives rose more than 17% in 2021, compared with 4.4% for private-sector workers.
An estimated 39.2 million Americans are expected to travel over the holiday weekend, despite high gas and hotel costs.
News alleviates investor doubts over billionaire's resolve, sending Twitter stocks up 5.5% in after-hours trading.
Even though consumers and businesses kept spending, a trade imbalance pushed down the economy between January and March.
Nationwide, school lunch programs are grappling with the rising food prices and ingredient shortages due to supply chain disruptions. CBS News correspondent Scott MacFarlane spoke to school lunch administrators who are struggling to put together the weekly lunch menus.
New polling from CBS News shows that the majority of Americans are concerned about the economy as more states hold their midterm primary elections. Former President Donald Trump’s influence over the Republican Party is set to be tested again in two critical races in Georgia. CBS News senior White House and political correspondent Ed O'Keefe joins “CBS News Mornings” from Atlanta with the latest.
New CBS News polling shows Americans are increasingly concerned with economic issues ahead of the 2022 midterm elections. Meanwhile, critical primary races in Georgia on Tuesday are poised to test former President Trump's influence in the Republican Party.
Americans are paying record high prices at the pumps, as inflation fears wreak havoc on the stock market. Errol Barnett reports from Washington, then Lana Zak speaks with Baker Boyer Bank's Chief Financial Officer John Cunnison about how this will impact the average American.
CBS News elections and surveys director Anthony Salvanto breaks down a new CBS News poll that finds the number of Americans who say things are going badly in the country, particularly with the economy, is at the highest rate of the Biden presidency.
President Biden reaffirmed the U.S.-South Korea alliance as the two countries look to deter North Korean nuclear missile threats and dependence on Chinese manufacturing. Nancy Cordes has more.
Russia's war on Ukraine has disrupted the world's food supply. After the Russian military targeted a grain elevator in the city of Dnipro and blockaded Ukrainian sea transit routes, a halt on grain exports from the region has affected more than a billion people. Imtiaz Tyab has more.
A volatile week for the stock market has some investors worried the economy could fall into a recession. Jaime Quiros, senior portfolio manager at FBB Capital Partners, speaks with CBS News' Lana Zak on how the uncertainty could impact our daily lives.
As the price of gas and groceries rise with inflation, plenty of Americans are feeling the financial pressure of an economy potentially heading toward a recession. Errol Barnett takes a look.
Former United States Secretary of Defense Robert Gates, Senator Rick Scott and more appear on "Face the Nation with Margaret Brennan" this Sunday.
U.S. Senate passes $40B Ukraine aid package; Rise in U.S. unemployment claims
The stock market plunge and inflation present two challenges for President Biden and Democrats, who are hoping to retain control in the upcoming midterm elections. Ed O'Keefe has more details.
Global forces including supply chain disruptions, energy costs and Russia's invasion of Ukraine have contributed to rising inflation, which is at a near 40-year high. Mark Strassmann reports.
CBS News' Mark Strassmann reports from Atlanta on Americans' growing frustration with inflation, as gas, food and housing prices continue to climb.
Missed the Second half of the show? The latest on the baby formula shortage with Dr. Scott Gottlieb, GOP candidates make final pitch for Senate primary election, the war in Ukraine, inflation with Goldman Sachs’ Lloyd Blankfein, and Former Defense Secretary Mark Esper discusses January 6 committee.
The House is set to consider a measure to buy an excess supply of baby formula from other countries to ease the struggle so many American families are facing. But some Republicans are demanding more action from the Biden administration and are wondering why the shortages have become so severe. Elise Preston has more.
A federal immigration judge has ordered Mahmoud Khalil — a former Columbia University graduate student linked to pro-Palestinian protests — to be deported.
ABC's announcement came as media giants Nexstar and Sinclair announced they would preempt Jimmy Kimmel's show indefinitely on all their stations over his remarks.
Three police officers were fatally shot and two others were wounded in a shooting Wednesday.
Authorities were responding late Wednesday night to the scene of an apparent military helicopter crash in the vicinity of Joint Base Lewis-McChord in Washington state
President Trump late Wednesday called for investigations into alleged funders of antifa.
Washington County Sheriff Nate Brooksby held a news conference on Wednesday and went through the timeline of events, dispelling certain false reports that had been spreading online.
On the same day that Tyler Robinson was formally charged with killing Charlie Kirk at a Utah university, a suspect was taken into custody for allegedly making threats against the same college.
Hegseth and each service secretary said posts mocking or celebrating the assassination of Charlie Kirk are unacceptable.
This comes after two planned engine firings shut down prematurely, NASA said, putting the Cygnus cargo ship's approach to the space station on hold.