Fed cuts interest rates another quarter-point
The Federal Reserve on Thursday lowered its benchmark borrowing rate by 0.25 percentage points. Kelly O'Grady examines what the move could mean for Americans' pocketbooks.
Inflation
Takeaways from Biden's remarks on Trump win
President Biden promised an orderly transition to a second Trump administration in a message to Democrats on Thursday as Republicans prepare to take control of Washington, D.C. CBS News chief White House correspondent Nancy Cordes reports. Then, Peggy Collins, Bloomberg's Washington bureau chief, and Deepa Shivram, White House correspondent for NPR, join "America Decides" to discuss.
What does Fed rate cut say about the economy?
The Federal Reserve cut interest rates for the second time this year just days after the end of a presidential race in which inflation played a big role. CBS News MoneyWatch correspondent Kelly O'Grady looks at what impact the decision could have on the economy.
5 ways Trump's presidency could affect the economy — and your money
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
Democratic strategist on economic messaging
A CBS News exit poll found that 45% of voters felt that their financial situation was worse than it was four years ago. Hyma Moore, the former director for the office of Democratic National Committee Chair Jaime Harrison, discusses the Democratic Party's economic strategy and why it did not play out for Vice President Kamala Harris' campaign.
What caused Georgia to flip back for Trump
President-elect Donald Trump flipped Georgia, winning the battleground state in 2024 after President Biden won it in 2020. CBS News congressional correspondent Nikole Killion breaks down the factors contributing to the state's red support.
Dow finishes at record high after Trump win
The Dow Jones finished up over 1,500 points and the S&P and Nasdaq each hit fresh record highs on Wednesday after President-elect Trump won the 2024 race. Bank stocks were among the biggest risers and bitcoin also reached a new record high. CBS News business analyst Jill Schlesinger has more on Wednesday's market performance.
Markets react to Trump's win
The markets are reacting to former President Donald Trump's presidential election win after his 2024 race against Vice President Kamala Harris. CBS News business analyst Jill Schlesinger has more.
Key 2024 presidential election issues
More data is emerging on the top motivators for voters in the 2024 presidential election. The state of the economy and inflation may have moved votes in battleground states more than other campaign issues. Semafor's Shelby Talcott and Politico's Brakkton Booker break down the matters that resonated among Americans.
Trump will win Georgia, CBS News projects
Former President Donald Trump will win the battleground state of Georgia, CBS News projects. President Biden won the Peach State in 2020.
Former Trump adviser on U.S. economic outlook
Former President Donald Trump has largely based his 2024 campaign on the economy. Former Trump chief economic adviser Gary Cohn joins CBS News to assess the former president's plans.
What October's jobs report means for economy
The final jobs report before Election Day shows the number of jobs added to the U.S. economy plummeted in October, with only 12,000 new hires. Despite adding roughly 100,000 fewer jobs than expected, the U.S. unemployment rate held steady at just above 4%. CBS News MoneyWatch correspondent Kelly O'Grady joins to unpack the numbers.
Last jobs report before Election Day
The latest jobs report showed slowed growth in the U.S. economy just days before Election Day. CBS News MoneyWatch correspondent Kelly O'Grady has more on what the data may indicate about the economy's future.
IRS increases pension and retirement plan contribution limits for 2025
2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. IRA contribution limit remains $7,000.
Doctor on coping with election anxiety
The American Psychological Association found that 69% of American adults said the presidential election was a significant source of anxiety for them. Board-certified psychiatrist Dr. Sue Varma joins CBS News to discuss the findings and how people can deal with the stress.
Harris seeks Arizona, Nevada Latinos
Vice President Kamala Harris is visiting Arizona and Nevada where Latino voters could help her campaign win both battleground states. CBS News' Nidia Cavazos breaks down the influence of Latino voters in the West.
A key inflation measure drops to 2.1%. Here's the interest rate impact.
The personal consumption expenditures (PCE) price index eased to a 2.1% annual rate in September, close to the Fed's target.
Why inflation in one battleground state could sway the election
With a tight race between Kamala Harris and Donald Trump, the U.S. election could hinge on how voters choose to look at inflation. Here's why.
Defining inflation before Election Day
The economy is a top voting issue in the 2024 elections and voter feelings about inflation and costs may differ from what data shows about the country's economic health. CBS MoneyWatch associate managing editor Aimee Picchi breaks down how inflation is impacting Americans.
How the economy is faring before Election Day
CBS News polling shows most voters have long been dissatisfied with U.S. economic conditions. But does perception match reality? Kate Davidson, managing editor for U.S. economic policy for Bloomberg News, joins "America Decides" to discuss.
How the 2025 tax brackets impact you
CBS News business analyst Jill Schlesinger breaks down the new IRS 2025 tax brackets. Each year, the agency makes adjustments to the tax code to account for inflation.
Despite signals economy is strong, voters are wary
Wall Street has seen six straight weeks of gains and with unemployment near a 50-year low, there are signs the economy is strong. However, the cost of everyday essentials is still a top-of-mind issue for voters, and although the rate of inflation is at a three-year low, consumers are still complaining food prices remain high. Michael George reports.
Shrinkflation hits 1 in 3 grocery items, including these common products
"Shrinkflation" — when companies charge the same for smaller sizes — is a sneaky way to raise prices. Read on to see what kind of products have shrunk the most.
Producer price index unchanged in September
New data from the Bureau of Labor Statistics shows the producer price index was flat in September. Dow Jones economists had predicted a tenth of a percent increase. CBS News contributor J.D. Durkin has more.
Examining Arizona voters' top issues
Arizona is one of the seven battleground states that will help determine the result of the 2024 presidential election. The state's Senate race could also determine the balance of power in Congress and a ballot measure will decide the state's abortion laws. Arizona Republic national political reporter Ron Hansen joins "The Daily Report" to discuss Arizonans' top issues.
Trump-Putin summit in Alaska concludes with no deal on Ukraine ceasefire
President Trump and Russian President Vladimir Putin held a high-stakes summit in Alaska, but the talks did not yield a ceasefire in Ukraine.
Erin strengthens into hurricane, the first of 2025 Atlantic season
Erin is the first hurricane to develop over the Atlantic this year, and meteorologists are closely tracking its path and forecast.
DOJ removes D.C. emergency police chief, agrees to rewrite immigration directive
Attorney General Pam Bondi issued an order Thursday that amounted to a reversal of "sanctuary" policies in D.C. The District sued over the order Friday.
Trump administration faces lawsuit over "secret report" on climate change
Environmental groups and independent scientists are criticizing a report assembled by a small team of well-known climate skeptics selected by Energy Secretary Chris Wright.
Here's the transcript of what Putin and Trump said in Alaska
Both President Trump and Russian President Vladimir Putin delivered brief remarks, but took no questions, in Alaska.
Democrats unveil maps of California's redistricting proposal
Democrats unveiled a proposal Friday that could give California's dominant political party an additional five U.S. House seats in a bid to win the fight to control Congress next year.
New Orleans mayor indicted on federal corruption charges
Prosecutors allege that in October 2021, Mayor LaToya Cantrell and Jeffrey Vappie, her bodyguard, developed a "personal, intimate relationship."
"Devil in the Ozarks" spent 6 months planning prison break, report says
An internal review reveals that a former police chief, known as the "Devil in the Ozarks," spent months planning his escape from an Arkansas prison.
Clinton says Trump should get Peace Prize if he ends Ukraine war without concessions
Former Secretary of State Hillary Clinton said if President Trump is the architect of a deal to end the war in Ukraine without Kyiv ceding land to Russia, "I'd nominate him for a Nobel Peace Prize."