This week on "Face the Nation with Margaret Brennan," May 15, 2022
Transportation Secretary Pete Buttigieg, former U.S. Secretary of Defense Mark Esper and more appear on "Face the Nation with Margaret Brennan" this Sunday.
Economy
Crypto meltdown continues as investors exit market
The massive downturn in cryptocurrencies continued Thursday, as the price of Bitcoin plunged to its lowest point since 2020. Peter Smith, CEO and co-founder of Blockchain.com, joins CBS News' Lilia Luciano to discuss the recent volatility.
Russia threatened by Finland's race to join NATO
Russia is lashing out after Finland said it is applying to NATO. Russia cut off gas supplies to Europe, a day after the Ukrainian government halted gas transfers through its territory. Charlie D'Agata reports.
Tips for dealing with soaring grocery prices
According to the U.S. Bureau of Labor Statistics, grocery prices increased 10.8% from April 2021 to April 2022. CBS News' Tanya Rivero meets with money-saving expert Andrea Woroch to discuss how Americans can save money at the grocery store.
Inflation slows for first time in 9 months
While inflation eased slightly in April, it remains near a four-decade high. Americans are facing rising prices on everything from groceries, gas and rent. Carter Evans has more.
Prices up 8.3% compared to April 2021
The new Consumer Price index report released Wednesday shows a 8.3% price increase compared with last year, but down from March's spike in inflation. Markets reporter Julia-Ambra Verlaine from The Wall Street Journal joins CBS News with more analysis.
5/10: Red and Blue
President Biden speaks on combating inflation; House hearing on "unidentified aerial vehicles"
Inflation and abortion dominate politics
President Biden speaks on how his administration is fighting inflation, while the politics of abortion continues to be at the forefront. CBS News chief White House correspondent Nancy Cordes and CBS News congressional correspondent Nikole Killion join "Red and Blue" to discuss.
Biden outlines plan to tackle inflation
President Biden delivered a speech Tuesday outlining his plans to reduce inflation and lower costs for consumers. CBS News senior White House and political correspondent Ed O'Keefe reports from Washington, then Ann Barry, the chief investment officer at Wheelhouse, joins Elaine Quijano on CBS News to discuss.
Worsening baby formula shortage worries parents
Parents and doctors are worried about a worsening baby formula shortage in the U.S. A mother in Texas said she is having to ration baby formula because she can't find more. Janet Shamlian takes a look.
MoneyWatch: Biden addresses inflation
President Biden addressed rising costs and inflation in a speech Tuesday. Saira Malik, chief investment officer at Nuveen, joins CBS News' Tanya Rivero and Mola Lenghi with more on inflation and what to expect from Wednesday's consumer price index release.
Biden targets inflation with plan to lower prices
As inflation takes center stage six months ahead of the midterm elections, President Biden said his administration is working to tackle rising costs, calling it his "top domestic priority." Ed O'Keefe has more details.
Spike in gas prices causing widespread price hikes
Gas prices are now 46% higher than they were at this time last year. For diesel, the situation is especially dire -- the price of diesel gas is up 78% over the past year. Carter Evans reports.
Gas hits new high as prices continue to climb
Gas prices hit a record high Tuesday as President Biden is set to announce new plans to fight inflation. Nancy Cordes reports from the White House.
U.S. stocks sink on inflation concerns
The stock market continued its downward trend Monday, as Americans face the highest inflation in decades. John Leer, chief economist for Morning Consult. joins Elaine Quijano on CBS News to discuss.
China's COVID lockdowns hit economy
China's strict COVID-19 lockdowns in cities including the financial hub of Shanghai have led to a sharp decrease in economic activity and a slowdown in exports. Jörg Wuttke, president of the European Chamber of Commerce in China, joins "CBS News Mornings" to discuss the impact across Europe.
Fed ups interest rates to battle record inflation
With the Federal Reserve introducing the steepest interest rate increase since 2000, prospective home owners are struggling to adjust. U.S. housing prices are up nearly 40% since March 2019, forcing many Americans out of their communities. Mark Strassmann has more.
Higher costs in the United Kingdom amid
Rising costs in the United Kingdom have compelled officials to hike up interest rates. CBS News contributor Simon Bates describes how British people are dealing with surging prices in this week's edition of "London Calling."
U.S. COVID death toll nears 1 million
As the U.S. COVID-19 death toll nears 1 million, states across the country are looking for ways to help the hundreds of thousands of kids who lost a parent or caregiver to COVID-19. Michael George reports.
Stocks drop again amid jobs report
Job growth in the U.S. held steady as employers added 428,000 new jobs in April. The unemployment rate stayed unchanged at 3.6%, according to a new jobs report. Despite this, stocks dipped on Friday—capping a volatile week in U.S. markets. Jill Schlesinger has more.
Jobs report shows strong gains in April
The U.S. economy remains strong despite rising inflation. But not everyone is feeling the economic boom. Carter Evans reports.
Stocks plummet after interest rate hike
The Dow, Nasdaq and S&P plummeted Thursday as investors worry that the Federal Reserve's plan to fight inflation could slow the economy. CBS News business analyst Jill Schlesinger explains the volatility.
Democrats face challenges on abortion, economy
President Biden is facing concerns over jobs, the economy and inflation as well as the leak of a Supreme Court draft opinion indicating Roe v. Wade may soon be overturned. CBS News senior White House and political correspondent Ed O'Keefe joins Vladimir Duthiers and Anne-Marie Green with the latest.
Fed hikes interest rates to fight inflation
The fed is trying to tame skyrocketing inflation by hiking interest rates. That includes mortgage rates, which have jumped to over 5% from the start of this year. Nancy Chen reports.
The U.S. economy shrank last quarter. Is a recession next?
Six in 10 Americans are worried that a sharp economic downturn could be around the corner. Here's what economists say.
ABC pre-empts "Jimmy Kimmel Live!" over Kimmel's Charlie Kirk comments
ABC's announcement came as media giants Nexstar and Sinclair announced they would preempt the show indefinitely on all their stations over his remarks.
Judge orders Columbia activist Mahmoud Khalil to be deported to Algeria or Syria
A federal immigration judge has ordered Mahmoud Khalil — a former Columbia University graduate student linked to pro-Palestinian protests — to be deported.
live updates
Trump's U.K. state visit turns from royal pomp to trade and diplomacy
Trump's visit to Britain moves from royal spectacle to politics on day 2, with PM Keir Starmer expected to push him on trade and the wars in Gaza and Ukraine.
3 police officers killed, 2 wounded in York County, Pennsylvania, shooting; suspect dead
Three police officers were fatally shot and two others were wounded in a shooting Wednesday.
Possible military helicopter crash in Washington state
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
Trump announces he's designating antifa as a "major terrorist organization"
President Trump late Wednesday called for investigations into alleged funders of antifa.
Charlie Kirk's accused assassin feared being shot by police, sheriff says
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.
Exclusive
Suspect arrested for allegedly making threat against Utah college where Kirk was killed
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.
Cygnus cargo ship set to rendezvous with space station after delay
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.