5/16: America Decides
President Biden, congressional leaders hold second debt ceiling meeting; How Pennsylvania races could set the stage for party control shifts.
Federal Reserve
5/23: America Decides
Debt solution not yet set as deadline approaches; Scott widens GOP 2024, is DeSantis or Suarez next?
5/22: America Decides
Biden & McCarthy to meet on debt ceiling; What to expect from Sen. Tim Scott's 2024 bid
McCarthy, Biden still far apart in debt talks
House Speaker McCarthy said Tuesday that he and President Biden are "nowhere close" to a deal on raising the debt limit. Negotiators continue to meet as the default deadline approaches. Nikole Killion has more.
Inflation has sapped Americans' financial security, Fed finds
Battered by high prices, more than a third of adults said they were worse off in 2022 than a year earlier.
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.
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.
Exclusive
Newsom says he will consider White House run after 2026 elections
In an exclusive interview, California Gov. Gavin Newsom said that he will consider a presidential campaign after the 2026 midterm elections.
Arrests made in crown jewelry heist at Paris' Louvre museum, prosecutor says
Thieves took less than eight minutes to steal jewels valued at $102 million last Sunday morning from Paris' famous Louvre museum.
TikTok deal to be finalized Thursday, Treasury Secretary Scott Bessent says
Treasury Secretary Scott Bessent said the TikTok deal announced last month is set to be finalized on Thursday when President Trump meets with Chinese President Xi Jinping.
Hurricane Melissa strengthens into a powerful Category 4 storm
Melissa strengthened into a major hurricane and is expected to bring "catastrophic" flash flooding and landslides to Jamaica, Haiti and the Dominican Republic.
Bessent says U.S. won't be able to pay military by Nov. 15 amid shutdown
Treasury Secretary Scott Bessent said service members will miss paychecks by Nov. 15 if the government shutdown stretches on.
Trump hikes tariffs on Canada by another 10% in response to anti-tariff ad
The move comes even though Ontario's leader said the anti-tariff ad would be halted beginning Monday.
Kamala Harris leaves the door open for another presidential run
Former vice president Kamala Harris spoke about the possibility of a woman being in the White House one day in an interview with the BBC.
Hamas expands search for remaining hostages' bodies as Egypt joins effort
Under the fragile U.S.-brokered ceasefire, reached on Oct. 10, Hamas is expected to return all of the remains of Israeli hostages as soon as possible.
Trump calls for prosecution of more political foes including Smith and Garland
President Trump late Friday pushed for several Biden-era Justice Department officials to be prosecuted over an FBI investigation into the fallout of the 2020 election.