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Economic turmoil came to a head in the U.K. during former Prime Minister Liz Truss' tumultuous six-week term, while economists in the U.S. now debate if the nation's economy is at the beginning of or will soon see a recession. CBS News' Tony Dokoupil and Lilia Luciano are joined by domestic policy and politics reporter Joseph Zeballos-Roig at online newsletter Semafor to discuss what the economic troubles could mean for both country's leaders.
As early voting has started in some parts of the country - and will start in more states this week - House Speaker Nancy Pelosi said "these are tough fights" for Democratic candidates. Democrats and Republicans both campaigned this weekend, with former President Donald Trump heading to Texas. Christina Ruffini has more.
China's Communist party confirmed Xi Jinping for an unprecedented third term, meaning he now has more power than any other Chinese leader since Mao Zedong. Elizabeth Palmer reports.
President Xi Jinping, China's most powerful leader in decades, has increased his dominance after he was named to another term as head of the ruling Communist Party.
Following Liz Truss' resignation, the U.K. is once again searching for a new prime minister. This comes as Britain faces soaring inflation and a potential energy crisis this winter. Axios chief economics reporter Neil Irwin joins CBS News' Tony Dokoupil and Elaine Quijano with the latest.
Prime Minister Liz Truss announced her resignation just 44 days after Queen Elizabeth II apppointed her. The change comes as the U.K. struggles with inflation over 10%, and at a 40-year high. Ramy Inocencio has more.
Truss faced a fast-mounting rebellion just weeks into her tenure, with a senior member of her own party declaring he'd "had enough of talentless people."
Some housing analysts expect interest rates for conventional home loans to hit double digits by early next year.
The Internal Revenue Service has announced several adjustments to account for the impact of inflation. These include higher federal income tax brackets and standard deductions for the year 2023. CBS News MoneyWatch associate managing editor Aimee Picchi joins the show to break down these forthcoming changes and more.
President Biden announced he will release 15 million barrels from strategic reserves in an attempt to lower gas prices ahead of the midterms. Weijia Jiang reports.
President Biden announced the release of 15 million barrels of oil from the U.S. strategic reserve as part of a response to recent production cuts announced by OPEC+ nations.
Congress votes to raise debt ceiling by $2.5 trillion; Tennessee couple killed in alleged murder-for-hire plot
Economists think the record inflation could prompt England's central bank to hike its primary interest rate by as much as a full percentage point this fall.
The U.S. Army Corps of Engineers is constructing a 1,500-foot-wide underwater levee in the Mississippi River to prevent saltwater from threatening drinking water. Officials say record low water levels and flow rates are allowing saltwater from the Gulf of Mexico to push upriver. Cameron McWhirter, a reporter for The Wall Street Journal who has covered the issue, joined CBS News to discuss what's behind it and how it impacts the U.S. economy.
Senate candidates Democrat Rep. Tim Ryan and Republican J.D. Vance faced off Monday night in their second debate, clashing over the economy, immigration and abortion ahead of November’s midterm election for the pivotal Ohio Senate seat. CBS News chief election and campaign correspondent Robert Costa reports from Youngstown, Ohio.
A red-hot jobs market may be losing its sizzle as the holidays approach. Nancy Chen has a look at how the current labor market is affecting the holiday season.
Corporate earnings are holding up despite recession fears, cheering investors. But some analysts urge caution.
Visit CBSDeals.com or text CBS to 65000 to take advantage of this week's exclusive deals.
The prime minister's 6-week tenure has been defined by self-inflicted chaos, but with her party divided, it's unclear where Britain goes from here.
According to recent CBS News polling, some voters blame Democratic policies and the Biden administration for inflation and the state of the U.S. economy. CBS News senior White House correspondent Weijia Jiang explains how the administration is working to flip the script with only 22 days left until the midterm elections.
U.S. Senate and gubernatorial candidates in Ohio, Georgia and Utah are set to face off in debates Monday night. CBS News political director Fin Gomez joined Anne-Marie Green and Vladimir Duthiers with a look at the hot-button issues the candidates could address.
The latest CBS News Battleground Tracker polling shows Republicans are holding onto their advantage in the race to control the House of Representatives. CBS News executive director of elections and surveys Anthony Salvanto joined Anne-Marie Green and Vladimir Duthiers with a look at what's behind this trend.
Adjustable-rate mortgages are seeing higher demand after years of little interest from borrowers. Unlike fixed-rate mortgages, interest rates for these home loans adjust over time based on the market. Aarthi Swaminathan, a real estate reporter for MarketWatch, discusses this trend on CBS News.
University of Michigan professor Betsey Stevenson, the former top economist at the U.S. Department of Labor, said the 6.6% core inflation rate is what really worries economists. "That's the stuff that's hard to come down," she told "Face the Nation."
Inflation is sticking around, driving up food, rent and other costs. These money moves can help you fight back.
FBI Director Kash Patel is appearing before the Senate Judiciary Committee on Tuesday for an annual hearing on oversight of the FBI.
One of Hollywood's leading actors, Robert Redford starred in such movies as "Butch Cassidy and the Sundance Kid" and "The Way We Were."
Luigi Mangione, accused of shooting UnitedHealthcare CEO Brian Thompson, appeared in court where his state terrorism charges were thrown out.
The ongoing fallout over Epstein is likely to follow Trump on his formal state visit to the U.K., which just lost its ambassador in D.C. to the scandal.
Homeland Security Secretary Kristi Noem visited the Chicago area amid increased ICE operations the Trump administration dubbed "Operation Midway Blitz."
"It was me," a Discord account belonging to accused shooter Tyler Robinson appeared to state, according to a company spokesperson.
Experts commissioned by the U.N. Human Rights Council say Israeli forces are "continuing to commit" genocide in Gaza. Israel calls the report Hamas lies.
The Biden administration in 2021 imposed restrictions on Hungarian passport holders born outside of Hungary.
Some ancient societies in Asia appear to have smoke-dried their dead, effectively mummifying them thousands of years earlier than their Egyptian counterparts, new research has found.