9/16: Red and Blue
President Biden pushes his economic agenda; Federal judge won't delay hearing against Trump
Economy
Concern growing over housing market
Inflation remains over 8%, and now there are growing concerns about the housing market. A recent analysis found that more than half of the country's largest regional markets are "significantly overvalued." Mark Strassmann has more.
Atlanta Fed chief: Central bank working to avoid "deep, deep pain"
Raphael Bostic, president of the Federal Reserve Bank of Atlanta, "there is some ability for the economy to absorb our actions and slow in a relatively orderly way."
Inflation, stocks, interest rates fuel economic uncertainty
CBS News senior national correspondent Mark Strassmann reports from Atlanta on the uncertainty surrounding the economy as inflation continues, stocks fall and higher interest rates fuel a housing pullback.
Transcript: Atlanta Fed CEO Raphael Bostic on "Face the Nation"
The following is a transcript of an interview with Atlanta Fed's Raphael Bostic that aired Sunday, Sept. 25, 2022, on "Face the Nation."
DOW plunges amid fears of a recession
As cars, food and electricity become more expensive, Americans are feeling the pressure of rising inflation. The DOW dropped 486 points, its lowest since late 2020, on Friday. Michael George has the details.
4/28: Red and Blue
President Biden to give first address to Congress; Examining Biden's political evolution
Recession fears mount as U.S. stocks fall
The Dow Jones Industrial Average, S&P 500 and NASDAQ each lost more than 1.5% on Friday, with the Dow closing at its lowest level since late 2020. CBS News correspondent Michael George has more on the troubling economic trends.
Fewer homes for sale as mortgage rates rise
Fewer homes are going on the market as homeowners hesitate to give up low, locked-in mortgage rates. Errol Barnett and Elaine Quijano discussed with Odeta Kushi.
Stocks plunge, dragging Wall Street toward another down week
Dow hits 2022 low as markets sell off on recession fears as central banks around the world jack up interest rates.
Dow drops below 30,000 points
The Dow Jones Industrial Average dropped below 30,000 Friday for the first time since 2020. Javier David, managing editor of business and markets at Axios, joined CBS News to discuss the volatile market.
3/11: Red and Blue
Biden addressing nation after passing COVID relief bill; Matthew McConaughey mulling run for Texas governor
2/18: Red and Blue
Biden postpones trip after East Coast winter storm; Dolly Parton humbly rejects statue proposal
3/15: Red and Blue
Biden admin. touring to promote COVID relief plan; Senate confirms Deb Haaland as Interior secretary
2/8: Red and Blue
Second Trump impeachment trial begins Tuesday; "Hero pay" for store workers prompts closures.
2/3: Red and Blue
President Biden pushes ahead with COVID economic relief plan; Obama presidential library to begin construction
1/26: Red and Blue
Senators swear in for Trump's impeachment trial; Working to put Harriet Tubman on the $20 bill
U.K. tax cuts spark concerns about mounting debt
Britain's new government announced sweeping tax cuts it said would be funded by borrowing.
Mortgage rates at highest level since 2007 after latest Fed hike
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
Housing market slows as mortgage rates rise
The U.S. housing market slowed in August for the seventh consecutive month this year. CBS News speaks with George Ratiu, the manager of economic research at realtor.com, about what's driving the downturn in home sales.
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.
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Target plans to hire up to 100,000 workers for holiday season
Walmart and Target plan to begin offering deals earlier this year to ease sting of soaring inflation on shoppers.
Stock market reacts to Fed interest rate hike
Stocks fell sharply Wednesday when the Federal Reserve announced it was raising interest rates again another 75 basis points. Liz Young, head of investment strategy at SoFi, joined CBS News to discuss what the Fed's announcement means for the future of the U.S. economy.
Inflation sends prices soaring at discount stores
Prices for meat, poultry, fish, eggs and dairy products increased at a higher rate at discount stores than many other grocery stores -- a sign that inflation is hitting people who can least afford the price increases the hardest. Carter Evans takes a look.
Charlie Kirk shooting suspect charged with aggravated murder, could face death penalty
Tyler Robinson, the man accused of assassinating conservative activist Charlie Kirk in Utah, was charged with aggravated murder.
Robert Redford, charismatic star and Oscar-winning director, dies at age 89
One of Hollywood's leading actors, Robert Redford starred in such movies as "Butch Cassidy and the Sundance Kid" and "The Way We Were."
Ousted CDC director to warn of "real risk" for vaccines for children if panel meets
Susan Monarez will testify before a Senate panel Wednesday about why she believes she was fired.
Cargo ship runs into engine trouble on way to space station
Two planned engine firings shut down prematurely, NASA said, putting the Cygnus cargo ship's approach to the space station on hold.
FBI's Patel faces questions on Kirk probe, Epstein files at Senate hearing
FBI Director Kash Patel testified for more than four and a half hours before the Senate Judiciary Committee, where he fielded questions over his leadership of the bureau.
Trump unlikely to escape Epstein scandal on historic state visit to U.K.
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.
Charlie Kirk suspect confessed to the killing in text to his roommate, prosecutor says
Court documents show the suspect's roommate found a note in their apartment that read, "I had the opportunity to take out Charlie Kirk and I'm going to take it."
New CDC advisory panel members include more COVID vaccine critics
HHS and CDC announced five new members of the Advisory Committee on Immunization Practices just days ahead of a scheduled meeting that's likely to discuss COVID vaccines and more.
Luigi Mangione's state terrorism charges dismissed, judge rules
Luigi Mangione, accused of shooting UnitedHealthcare CEO Brian Thompson, appeared in court where his state terrorism charges were thrown out.