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Millions of Americans qualify for free tax filing services and don't even know it. Stefanie O'Connell Rodriguez, host of Real Simple's "Money Confidential" podcast, walks through some of the free programs available this tax season.
New data from the Bureau of Economic Analysis shows the GDP grew at a rate of 2.4% between April and June of 2023, nearly half a point more than the 2% rate seen in the first quarter. Hardika Singh, markets reporter for the Wall Street Journal, joined CBS News to talk about the newly released numbers.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
After briefly pausing its war on inflation last month, the Federal Reserve is resuming the battle by hiking its benchmark interest rate to the highest level in 22 years. Hope King, senior business reporter for Axios, joined CBS News as the Fed announced the rate hike.
The Federal Reserve is expected to raise interest rates again Wednesday afternoon after pausing in June. CBS News business analyst Jill Schlesinger discusses how this hike will affect Americans.
The Federal Reserve will wrap up a two-day policy meeting Wednesday, and it will likely raise interest rates again to fight inflation. The Fed's policies appear to be working, as inflation is sharply lower. But not all costs are coming down at the same time. Carter Evans reports.
Government data show the number of Japanese nationals in the country fell by about 800,000 in 2022, the 14th consecutive year of population decline.
A new survey from the Federal Reserve found that lenders are getting stricter with consumer loans. The rejection rate for credit applicants increased to almost 22% in June, the highest level since June of 2018. Warren Kornfeld, senior vice president for Moody's Investors Service, joined CBS News to talk about the trend.
The Federal Reserve is expected to raise interest rates again Wednesday after pausing more than a year of rate hikes in June. Experts believe the central bank will increase rates by one-quarter of a percentage point as part of its ongoing fight against high inflation. Joe Rennison, markets reporter for The New York Times, joined CBS News to discuss.
Millions of Americans are preparing for an increased cost of living in the fall. Several social safety net programs are set to expire, including COVID-era childcare relief. And federal student loan payments will resume in October. Javier David, CBS News contributor and a managing editor for business and markets at Axios, has more.
Ukraine's President Volodymyr Zelenskyy addresses Congress; U.K. economy shrank more than originally thought, revised figures show.
Six people killed by gunman at a Walmart in Chesapeake, Virginia; Thanksgiving Day parade on CBS.
President Biden addressed threat of election deniers, blamed former President Trump; Federal Reserve announced another rate hike.
South Korea reacts to North Korea warplanes near border; Brooklyn Nets guard Kyrie Irving suspended after tweet about antisemitic film.
Control of U.S. House and Senate still undecided; Meta lays off 11,000+ employees.
Warnock wins re-election; employees actively look for new jobs amid uncertain economy.
At least 14 hurt in Chicago shooting; Euro zone inflation hits record high 10.7% in October.
Police clamp down on COVID protests in China; NASA's Orion moon capsule breaks distance record.
Man accused of attacking Paul Pelosi had list of possible targets; German economy sees surprise growth.
Singapore now lays claim to the most powerful passport in the world, allowing it's citizens to visit 192 countries without a visa. Italy, Spain and Germany are all tied in second place. For more on this, CBS News talked to Philippe Amarante, managing partner at Henley & Partners, a global migration consultant group that created the index ranking passport power.
President Biden delivered remarks at the Philadelphia Shipyard Thursday on the many ways he says his administration is delivering on its economic plan. The president touched on clean energy and continuing to create products made in America during his speech. CBS News senior White House and political correspondent Ed O'Keefe reports.
In addition to the amusement park, American Heartland will feature a 300-room hotel, an indoor water park, and an adjacent RV park and campground.
The nation's labor market continues to defy expectations. Weekly unemployment claims fell to 228,000 last week, and the unemployment rate also slipped to 3.6%. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joined CBS News to break down the status of the post-pandemic labor market.
The average price for a Big Mac in the U.S. is $5.35. At the location in Darien, Connecticut, some combo meals top $21.
For the first time since early 2021, the U.S. Labor Department says wages are rising at a faster rate than inflation. Compared with early 2021, wages are up about 4% while the Consumer Price Index has increased by about 3%. Amara Omeokwe, economics reporter at The Wall Street Journal, has more.
Conservative activist Charlie Kirk was shot and killed on Wednesday while speaking an event at Utah Valley University.
Earlier this month, the U.S. deported a group of non-Ghanaian nationals to Ghana, including deportees from Gambia and Nigeria.
"No Other Land" director Basel Adra said Israeli soldiers raided conducted a raid at his West Bank home on Saturday, searching for him and going through his wife's phone.
A White House official confirmed the extra funds would be directed to the U.S. Marshals Service and would also include enhanced protection for Supreme Court justices.
Mr. Trump said that NATO's commitment to winning the war in Ukraine "has been far less than 100%."
Venezuela's foreign ministry said nine fishermen were "illegally and hostilely" detained on Friday by the USS Jason Dunham.
No information was provided on how many people are being held in each country, who they are or why they were imprisoned.
California lawmakers voted to phase out a group of chemicals known as PFAS, which are often called "forever chemicals," in cookware.
Romania's defense ministry said Saturday that the country's airspace had been breached by a drone during a Russian attack on infrastructure in neighboring Ukraine.