Biden, McCarthy to meet Monday for talks
President Biden and House Speaker McCarthy will meet in person on Monday to continue debt ceiling talks as the deadline for a government default approaches. Willie James Inman has the latest.
Federal Reserve
Still no deal on debt limit
President Biden and congressional leaders met again Tuesday, but still have not reached a deal on raising the debt limit. Treasury Secretary Janet Yellen warns the U.S. may not be able to pay its bills as early as June 1. Ed O'Keefe reports.
Consumer debt passes $17 trillion
Stocks closed relatively flat as investors reacted to new consumer debt and mortgage data. Sanders Morris Harris chairman George Ball spoke with CBS News about what the numbers mean for investors and the economy.
Business experts on Biden's Fed nominations, a new Twitter CEO, inflation and more
Javier David, a CBS News contributor and managing editor for business and markets for Axios, and J.D. Durkin, a host of "TheStreet," join CBS News' Elaine Quijano and Meg Oliver to discuss the latest financial news, including President Biden's Federal Reserve nominations, the announcement of Twitter's next CEO, and the latest inflation and unemployment numbers.
Biden announces nominees to fill out the U.S. Federal Reserve
President Biden is hoping to stack the Central Bank with its top governors as it continues working to stem inflation.
Regional bank stocks tumble
The Dow Jones ended the day in the red Thursday, as investors react to new consumer price index and producer price index data. Opus: Advice First CEO Nancy Daoud spoke with Lana Zak and Errol Barnett about what the new numbers mean for the economy.
Consumer Price Index up 0.4% in April
The Consumer Price Index shows inflation rose 0.4% between March and April. Prices rose 4.9% year-over-year. Axios managing editor for business and markets and CBS News contributor Javier David discusses what this means for the economy with Anne-Marie Green and Vlad Duthiers.
European Central Bank raises interest rates
Inflation in the Eurozone ticked up to 7% in April. The European Central Bank raised interest rates to 3.25% and indicated more hikes are to come. Brendan McKenna , an international economist for Wells Fargo, joined CBS News to compare the ECB and Federal Reserve's approaches to inflation.
Markets react to jobs report, interest rates
Javier David, a CBS News contributor and managing editor for business and markets for Axios, and Jeanna Smialek, an economics reporter for The New York Times, join us to discuss the latest financial news, including the April jobs report released today, the Federal Reserve's decision to raise interest rates again this week, and the health of the nation's banking system.
Regional bank stocks lead market decline
The Dow Jones fell more than 200 points Thursday as regional bank stocks plummeted. Wall Street Journal banking and finance reporter Ben Eisen spoke with CBS News' Lana Zak and Errol Barnett about what the development means for investors.
What bank stock falls could mean for economy
Federal Reserve Chair Jerome Powell began a press conference Wednesday saying "the U.S. banking system is sound and resilient." Yet several regional bank shares were on the decline Thursday. Wall Street Journal banking reporter Gina Heeb breaks down the possible implications for the economy.
How interest rate hikes affect debt, loans
The Federal Reserve increased its key interest rate by a quarter of a point Wednesday, the 10th straight hike since last March. Anita Hamilton, assistant managing editor at Barron's, joined CBS News' Vladimir Duthiers and Anne-Marie Green to discuss the effects of the hikes.
Interest rates could alter Biden's reelection
The Fed has raised interest rates again. Nancy Cordes joins "CBS News Mornings" to explain the impact this could have at the White House.
Fed indicates pause after latest rate hike
Stocks fell Wednesday after the Federal Reserve raised U.S. interest rates by a quarter of a percentage point. Wall Street Journal economics reporter Harriet Torry spoke with CBS News about how the increase impacts investors and consumers.
Fed increases interest rates to 16-year high
The Federal Reserve raised its key interest rate another quarter of a percentage point Wednesday in its ongoing effort to bring inflation down. The increase is the 10th straight interest-rate hike since last March in what has been the most aggressive rate-hiking campaign since the 1980s. The hikes are among factors being blamed for the biggest banking sector meltdown since the 2008 financial crisis. Nancy Cordes has more details from the White House.
Interest rates highest since 2007
The Federal Reserve pushed interest rates to the highest point since 2007 to combat inflation. Critics warn the hikes could lead to a recession. Nancy Cordes reports.
Fed raises interest rates again
The Federal Reserve has raised its key interest rate another quarter of a percentage point, setting it at its highest level since 2007. Javier David, managing editor for business and markets at Axios, and Major Garrett, CBS News chief Washington correspondent, have more.
Fed hikes interest rate 0.25 percentage point but signals pause
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
Fed decision on interest rates expected
A decision is expected Wednesday from the Federal Reserve on whether to raise interest rates again. CBS News reporter Sarah Ewall-Wice joined CBS News' Anne-Marie Green to discuss what to expect from the Fed and what Democratic lawmakers could do in regard to interest rates.
Federal Reserve poised to raise interest rates
The Federal Reserve is expected to raise interest rates Wednesday for the tenth consecutive time in just over a year. Rod von Lipsey, a managing director for UBS Private Wealth Management, joins Errol Barnett and Lana Zak to discuss the anticipated decision.
Fed expected to again hike interest rates
The Federal Reserve is expected to hike interest rates again in an attempt to lower high inflation rates. Jeanna Smialek, Federal Reserve and economy reporter at The New York Times, joins "CBS News Mornings" to explain the impact of the previous rate hikes and why they've continued.
Rate hike expected Wednesday
The Dow Jones slid by more than 300 points Tuesday, as investors react to plunging regional bank shares. Landsberg Bennett, chief investment officer for Private Wealth Management, joined CBS News to discuss what the developments could mean for the economy going forward.
Will Fed raise interest rates again this week? Here's what to expect.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
How markets reacted to bank seizure
Stocks closed flat Monday following the FDIC's seizure and sale of First Republic Bank. And the Fed is expected to make its latest decision on interest rates soon. CapWealth Chief Investment Officer Tim Pagliara joined CBS News to discuss what the developments mean for the market and economy going forward.
First Republic Bank seized by regulators, then sold to JPMorgan Chase
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
House panel releases more records from Jeffrey Epstein's estate
The new records include a birthday letter to Epstein allegedly written by President Trump, which he has denied writing.
Exclusive
NIH whistleblower details clash over vaccines with Trump officials
A former NIH official says she was removed after clashes over vaccines, accusing RFK Jr. and his deputies of posing "a substantial and specific danger to public health and safety."
Supreme Court allows sweeping immigration stops in Los Angeles area
The Supreme Court froze a lower court order that prevented immigration authorities from stopping people without reasonable suspicion that they are in the U.S. unlawfully.
Florida's decision to end vaccine rules wasn't based on data, state surgeon general says
Florida Surgeon General Dr. Joseph Ladapo said his department did not do any data analysis on how a change in vaccine rules could affect outbreaks of diseases like measles, polio or whooping cough.
Americans' confidence in finding a new job is crumbling, survey finds
Americans' confidence in finding a new job fell to the lowest measure on record, a survey from the New York Fed shows.
Man charged in retired Auburn professor's murder in Alabama
A retired Auburn University professor was stabbed to death in a public park near the school in Alabama on Saturday, according to police and the university.
Economists expect a major downward jobs revision from BLS tomorrow
Economists expect the Bureau of Labor Statistics to revise its jobs data downward for the year ended in March 2025. Here's why.
Deadly kissing bug disease has spread in the U.S. Here's what to know.
Chagas disease is already endemic to 21 countries in the Americas, and growing evidence of the parasite is challenging the non-endemic label in the U.S., the CDC says.
DHS announces "Operation Midway Blitz" amid ICE operations in Chicago
President Donald Trump has amplified his promises to send National Guard troops and immigration agents to Chicago by posting a parody image from "Apocalypse Now" featuring a ball of flames as helicopters zoom over the nation's third-largest city.